Smiths Group plc (OTCMKTS:SMGZY) Sees Significant Decrease in Short Interest

Smiths Group plc (OTCMKTS:SMGZY) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 27,300 shares, a decline of 16.5% from the November 30th total of 32,700 shares. Based on an average daily volume of 27,500 shares, the days-to-cover ratio is presently 1.0 days.

Analyst Upgrades and Downgrades

SMGZY has been the topic of several analyst reports. Citigroup upgraded Smiths Group to a “strong-buy” rating in a report on Thursday, November 28th. Barclays raised Smiths Group to a “hold” rating in a report on Monday, September 30th.

Smiths Group Trading Down 0.2 %

Shares of SMGZY traded down $0.05 during mid-day trading on Tuesday, reaching $21.60. The company had a trading volume of 16,245 shares, compared to its average volume of 16,848. Smiths Group has a 52-week low of $19.34 and a 52-week high of $24.49. The stock has a 50 day moving average of $21.58 and a two-hundred day moving average of $22.21. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.28.

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.