Intertek Group plc (OTCMKTS:IKTSY) Short Interest Update

Intertek Group plc (OTCMKTS:IKTSY) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 2,400 shares, an increase of 2,300.0% from the December 15th total of 100 shares. Based on an average daily trading volume, of 12,400 shares, the days-to-cover ratio is presently 0.2 days.

A number of research firms have commented on IKTSY. Zacks Investment Research cut shares of Intertek Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 16th. Citigroup upgraded shares of Intertek Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 16th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $88.00.

IKTSY opened at $74.88 on Friday. The company has a fifty day moving average of $74.11 and a 200 day moving average of $73.06. Intertek Group has a fifty-two week low of $63.71 and a fifty-two week high of $87.50. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 0.53.

About Intertek Group

Intertek Group Plc engages in the provision of assurance,a testing, inspection and certification services to industries worldwide. It offers services from auditing and inspection, training, advisory, quality assurance and certification. It operates through following segments: Products, Trade, and Resources.

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