Short Interest in Intertek Group plc (OTCMKTS:IKTSY) Increases By 47.2%

Intertek Group plc (OTCMKTS:IKTSY) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 5,300 shares, a growth of 47.2% from the November 30th total of 3,600 shares. Based on an average daily trading volume, of 9,800 shares, the short-interest ratio is presently 0.5 days.

Analyst Ratings Changes

IKTSY has been the topic of a number of analyst reports. The Goldman Sachs Group upgraded Intertek Group to a “strong-buy” rating in a research note 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.

Intertek Group Price Performance

Shares of OTCMKTS IKTSY traded down $0.77 during midday trading on Monday, hitting $59.41. 1,723 shares of the company’s stock were exchanged, compared to its average volume of 9,934. Intertek Group has a twelve month low of $52.92 and a twelve month high of $69.79. The firm’s fifty day simple moving average is $60.18 and its 200-day simple moving average is $62.30.

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.