Intertek Group plc (OTCMKTS:IKTSY) Short Interest Update

Intertek Group plc (OTCMKTS:IKTSY) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,800 shares, an increase of 260.0% from the October 31st total of 500 shares. Based on an average daily volume of 7,300 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

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

Intertek Group Stock Down 0.8 %

IKTSY stock traded down $0.51 on Friday, reaching $60.62. 99,909 shares of the company traded hands, compared to its average volume of 7,224. Intertek Group has a one year low of $50.22 and a one year high of $69.79. The firm has a fifty day simple moving average of $62.73 and a 200-day simple moving average of $62.51.

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.