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

Smiths Group plc (OTCMKTS:SMGZY) was the recipient of a large decrease in short interest in 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 daily volume of 82,300 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

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

Smiths Group Price Performance

SMGZY traded down $0.53 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 current ratio of 2.07, a quick ratio of 1.39 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. The business’s 50 day moving average is $21.44 and its 200 day moving average is $22.22.

Smiths Group Increases Dividend

The business also recently declared a dividend, which was paid on Monday, December 2nd. Investors of record on Friday, October 18th were paid a $0.378 dividend. The ex-dividend date of this dividend was Friday, October 18th. This is a positive change from Smiths Group’s previous dividend of $0.16.

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.