Short Interest in Intertek Group plc (OTCMKTS:IKTSY) Declines By 66.0%

Intertek Group plc (OTCMKTS:IKTSY) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 1,800 shares, a drop of 66.0% from the December 15th total of 5,300 shares. Based on an average trading volume of 6,100 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

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

Intertek Group Stock Up 1.2 %

OTCMKTS:IKTSY traded up $0.68 during trading hours on Monday, hitting $59.40. 4,620 shares of the company’s stock traded hands, compared to its average volume of 3,389. The stock’s fifty day moving average price is $59.62 and its two-hundred day moving average price is $62.21. Intertek Group has a twelve month low of $53.50 and a twelve month high of $69.79.

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.