Smiths Group plc (OTCMKTS:SMGZY) Short Interest Update

Smiths Group plc (OTCMKTS:SMGZY) saw a significant decrease in short interest in September. As of September 30th, there was short interest totalling 400 shares, a decrease of 96.5% from the September 15th total of 11,400 shares. Based on an average daily volume of 58,000 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SMGZY shares. Barclays raised shares of Smiths Group to a “hold” rating in a report on Monday, September 30th. Berenberg Bank raised Smiths Group to a “hold” rating in a research note on Friday, August 23rd.

Smiths Group Price Performance

Shares of SMGZY stock traded up $0.26 on Friday, reaching $21.13. The company had a trading volume of 6,142 shares, compared to its average volume of 8,495. The company has a 50-day moving average of $22.99 and a 200-day moving average of $22.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.16 and a current ratio of 2.07. Smiths Group has a 12 month low of $18.49 and a 12 month high of $24.49.

Smiths Group Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, October 18th will be paid a $0.378 dividend. The ex-dividend date of this dividend is Friday, October 18th. This is an increase from Smiths Group’s previous dividend of $0.16.

About Smiths Group

Smiths Group plc operates as a technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four divisions: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane division offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.