Intertek Group plc (OTCMKTS:IKTSY) Sees Significant Increase in Short Interest

Intertek Group plc (OTCMKTS:IKTSY) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,800 shares, an increase of 260.0% from the October 31st total of 500 shares. Based on an average trading volume of 7,300 shares, the short-interest ratio is currently 0.2 days.

Intertek Group Price Performance

Shares of OTCMKTS:IKTSY traded up $3.21 during midday trading on Wednesday, hitting $59.63. The stock had a trading volume of 17,256 shares, compared to its average volume of 3,632. The company’s 50-day moving average price is $63.06 and its 200-day moving average price is $62.54. Intertek Group has a fifty-two week low of $50.22 and a fifty-two week high of $69.79.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IKTSY. The Goldman Sachs Group raised shares of Intertek Group to a “strong-buy” rating in a research report on Friday, October 11th. Royal Bank of Canada downgraded shares of Intertek Group from an “outperform” rating to a “sector perform” rating in a research report on Monday, October 21st.

About Intertek Group

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.