Smiths Group plc (OTCMKTS:SMGZY) Short Interest Down 45.4% in November

Smiths Group plc (OTCMKTS:SMGZY) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 32,700 shares, a decrease of 45.4% from the November 15th total of 59,900 shares. Based on an average trading volume of 82,300 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SMGZY shares. Berenberg Bank raised Smiths Group to a “hold” rating in a research note on Friday, August 23rd. Barclays raised Smiths Group to a “hold” rating in a research report on Monday, September 30th. Finally, Citigroup raised shares of Smiths Group to a “strong-buy” rating in a report on Thursday, November 28th.

Smiths Group Trading Down 2.3 %

Shares of Smiths Group stock traded down $0.53 during trading on Friday, reaching $22.36. The company’s stock had a trading volume of 19,789 shares, compared to its average volume of 16,943. The company has a 50-day moving average price of $21.44 and a two-hundred day moving average price of $22.22. Smiths Group has a fifty-two week low of $19.34 and a fifty-two 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.

Smiths Group Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, October 18th were paid a dividend of $0.378 per share. This is an increase from Smiths Group’s previous dividend of $0.16. The ex-dividend date was Friday, October 18th.

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.