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

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

Smiths Group Trading Down 1.1 %

Shares of SMGZY stock traded down $0.26 during mid-day trading on Wednesday, hitting $23.13. 46,253 shares of the stock traded hands, compared to its average volume of 14,625. The stock’s fifty day moving average is $22.34 and its two-hundred day moving average is $22.27. Smiths Group has a 52-week low of $19.34 and a 52-week high of $24.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 2.07.

Wall Street Analyst Weigh In

Separately, Citigroup raised shares of Smiths Group to a “strong-buy” rating in a research report 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.