Short Interest in SGS SA (OTCMKTS:SGSOY) Decreases By 30.0%

SGS SA (OTCMKTS:SGSOY) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 2,100 shares, a drop of 30.0% from the March 31st total of 3,000 shares. Based on an average daily volume of 108,400 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Morgan Stanley raised SGS from an “underweight” rating to an “equal weight” rating in a research note on Friday, January 12th.

SGS Stock Up 1.5 %

OTCMKTS:SGSOY traded up $0.13 during trading hours on Friday, reaching $9.07. 63,201 shares of the company’s stock were exchanged, compared to its average volume of 62,366. SGS has a 12 month low of $7.97 and a 12 month high of $10.07. The business’s 50-day simple moving average is $9.42 and its two-hundred day simple moving average is $8.86. The company has a current ratio of 1.21, a quick ratio of 1.10 and a debt-to-equity ratio of 5.76.

SGS Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 19th. Shareholders of record on Wednesday, April 3rd were issued a dividend of $0.2064 per share. The ex-dividend date of this dividend was Tuesday, April 2nd. This is an increase from SGS’s previous dividend of $0.20.

About SGS

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.