Intertek Group plc (OTCMKTS:IKTSY) Sees Significant Increase in Short Interest

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

Analysts Set New Price Targets

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

Intertek Group Stock Up 5.7 %

Shares of IKTSY traded up $3.21 during trading hours on Wednesday, reaching $59.63. 17,256 shares of the stock traded hands, compared to its average volume of 3,632. Intertek Group has a 52 week low of $50.22 and a 52 week high of $69.79. The stock has a fifty day simple moving average of $63.06 and a 200 day simple moving average of $62.54.

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.