SSP Group plc (OTCMKTS:SSPPF) Sees Significant Drop in Short Interest

SSP Group plc (OTCMKTS:SSPPF) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 290,600 shares, a drop of 26.7% from the November 15th total of 396,300 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Citigroup raised SSP Group to a “strong-buy” rating in a report on Monday, September 30th. Barclays raised shares of SSP Group to a “strong-buy” rating in a research note on Friday, October 11th. Finally, UBS Group upgraded shares of SSP Group to a “hold” rating in a research report on Friday, October 4th.

SSP Group Price Performance

SSPPF opened at $2.35 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.30 and a debt-to-equity ratio of 4.63. SSP Group has a 12-month low of $2.14 and a 12-month high of $2.35. The stock has a 50-day moving average price of $2.19 and a 200-day moving average price of $2.28.

About SSP Group

SSP Group plc operates food and beverage outlets in North America, Europe, the United Kingdom, Ireland, the Asia Pacific, Eastern Europe, the Middle East, and internationally. The company operates outlets at airports, railway stations, motorway service areas, hospitals, and shopping centers. It also operates sandwich shops, cafes, bars, and restaurants.