Short Interest in Intertek Group plc (OTCMKTS:IKTSY) Rises By 200.0%

by · The Cerbat Gem

Intertek Group plc (OTCMKTS:IKTSY – Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 300 shares, a growth of 200.0% from the September 30th total of 100 shares. Based on an average daily trading volume, of 2,300 shares, the days-to-cover ratio is presently 0.1 days.

Intertek Group Stock Performance

Shares of Intertek Group stock traded down $0.18 during trading hours on Friday, reaching $62.57. The stock had a trading volume of 573 shares, compared to its average volume of 1,419. Intertek Group has a 1 year low of $45.60 and a 1 year high of $69.79. The firm has a 50 day simple moving average of $65.66 and a two-hundred day simple moving average of $62.98.

Intertek Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Friday, September 13th were paid a $0.6554 dividend. The ex-dividend date of this dividend was Friday, September 13th.

Wall Street Analysts Forecast Growth

Several analysts have commented on IKTSY shares. Royal Bank of Canada cut Intertek Group from an “outperform” rating to a “sector perform” rating in a report on Monday, October 21st. The Goldman Sachs Group raised shares of Intertek Group to a “strong-buy” rating in a research note on Friday, October 11th.

Check Out Our Latest Analysis on IKTSY

About Intertek Group

(Get Free Report)

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.

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