Smiths Group plc (OTCMKTS:SMGZY) Sees Large Decline in Short Interest

Smiths Group plc (OTCMKTS:SMGZY) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 5,600 shares, a decline of 79.5% from the December 15th total of 27,300 shares. Based on an average daily volume of 28,000 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Citigroup upgraded Smiths Group to a “strong-buy” rating in a research note on Thursday, November 28th. Barclays raised shares of Smiths Group to a “hold” rating in a research report on Monday, September 30th.

Smiths Group Stock Down 2.5 %

OTCMKTS:SMGZY traded down $0.53 during mid-day trading on Monday, hitting $21.02. The company’s stock had a trading volume of 16,791 shares, compared to its average volume of 15,413. The business’s fifty day moving average is $21.79 and its two-hundred day moving average is $22.22. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.07 and a quick ratio of 1.39. Smiths Group has a 1 year low of $19.34 and a 1 year high of $24.49.

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.