SGS SA (OTCMKTS:SGSOY) Sees Large Drop in Short Interest

SGS SA (OTCMKTS:SGSOY) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,400 shares, a drop of 26.3% from the February 13th total of 1,900 shares. Based on an average daily volume of 85,700 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

SGS Price Performance

Shares of SGS stock traded down $0.12 during midday trading on Friday, hitting $9.85. The company had a trading volume of 63,937 shares, compared to its average volume of 88,922. SGS has a 12-month low of $8.68 and a 12-month high of $11.54. The company has a fifty day simple moving average of $10.06 and a 200 day simple moving average of $10.37. The company has a debt-to-equity ratio of 4.45, a quick ratio of 1.09 and a current ratio of 1.23.

SGS Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, April 3rd will be issued a $0.363 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This is an increase from SGS’s previous dividend of $0.21.

SGS Company Profile

SGS SA provides inspection, testing, and verification services in Europe, Africa, the Middle East, the Americas, and the Asia Pacific. It operates in five segments: Connectivity & Products, Health & Nutrition, Industries & Environment, Natural Resources, and Business Assurance. The company provides laboratory testing, product inspection and consulting, process assessment, technical and transactional assistance; and automotive, connectivity, softlines and accessories, and hardgoods, toys, and juvenile products, as well as government and trade facilitation services.