Smiths Group plc (OTCMKTS:SMGZY) Short Interest Update

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

Smiths Group Price Performance

OTCMKTS:SMGZY traded down $0.57 during mid-day trading on Tuesday, reaching $23.39. The stock had a trading volume of 15,668 shares, compared to its average volume of 12,769. 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 has a one year low of $19.34 and a one year high of $24.49. The firm has a 50 day moving average price of $22.31 and a two-hundred day moving average price of $22.27.

Analysts Set New Price Targets

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

Smiths Group Company Profile

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.