Smiths Group plc (OTCMKTS:SMGZY) Short Interest Down 62.3% in February

Smiths Group plc (OTCMKTS:SMGZY) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 8,000 shares, a decline of 62.3% from the February 13th total of 21,200 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 18,500 shares, the short-interest ratio is currently 0.4 days.

Smiths Group Stock Up 2.9 %

SMGZY opened at $26.35 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.07 and a quick ratio of 1.39. The firm has a 50 day simple moving average of $24.65 and a 200 day simple moving average of $23.01. Smiths Group has a fifty-two week low of $19.34 and a fifty-two week high of $27.00.

Wall Street Analyst Weigh In

SMGZY has been the subject of a number of recent research reports. Royal Bank of Canada reissued a “sector perform” rating on shares of Smiths Group in a research note on Monday, February 3rd. Citigroup raised shares of Smiths Group to a “strong-buy” rating in a research note on Thursday, November 28th.

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.