Short Interest in Intertek Group plc (OTCMKTS:IKTSY) Increases By 1,273.0%

Intertek Group plc (OTCMKTS:IKTSY) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 50,800 shares, a growth of 1,273.0% from the February 28th total of 3,700 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 21,300 shares, the days-to-cover ratio is currently 2.4 days.

Analysts Set New Price Targets

Separately, Barclays raised shares of Intertek Group from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, January 24th.

Intertek Group Stock Performance

Shares of Intertek Group stock traded up $0.82 during trading hours on Thursday, reaching $64.88. The company had a trading volume of 13,058 shares, compared to its average volume of 5,375. Intertek Group has a one year low of $55.84 and a one year high of $69.97. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.27 and a quick ratio of 1.25. The business has a fifty day simple moving average of $65.14 and a 200 day simple moving average of $63.26.

Intertek Group Company Profile

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.