Intertek Group plc (OTCMKTS:IKTSY) Sees Large Growth in Short Interest

Intertek Group plc (OTCMKTS:IKTSY) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 3,600 shares, a growth of 100.0% from the November 15th total of 1,800 shares. Based on an average trading volume of 32,300 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IKTSY. The Goldman Sachs Group raised shares of Intertek Group to a “strong-buy” rating in a research report on Friday, October 11th. Royal Bank of Canada cut Intertek Group from an “outperform” rating to a “sector perform” rating in a report on Monday, October 21st.

Intertek Group Trading Up 0.8 %

OTCMKTS IKTSY traded up $0.47 during trading on Friday, reaching $61.65. 1,716 shares of the company’s stock traded hands, compared to its average volume of 7,148. The company’s 50 day simple moving average is $61.54 and its two-hundred day simple moving average is $62.46. Intertek Group has a 12-month low of $51.58 and a 12-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.