Short Interest in Smiths Group plc (OTCMKTS:SMGZY) Declines By 16.5%

Smiths Group plc (OTCMKTS:SMGZY) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 27,300 shares, a drop 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.

Smiths Group Price Performance

Smiths Group stock traded down $0.13 during trading hours on Monday, hitting $21.70. 12,184 shares of the company traded hands, compared to its average volume of 16,850. The firm’s 50-day simple moving average is $21.58 and its two-hundred day simple moving average is $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. Smiths Group has a 1-year low of $19.34 and a 1-year high of $24.49.

Analysts Set New Price Targets

Several brokerages have commented on SMGZY. Barclays upgraded shares of Smiths Group to a “hold” rating in a research note on Monday, September 30th. Citigroup upgraded 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.