Smiths Group plc (OTCMKTS:SMGZY) Short Interest Down 79.5% in December

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SMGZY. Citigroup upgraded shares of Smiths Group to a “strong-buy” rating in a report on Thursday, November 28th. Barclays raised shares of Smiths Group to a “hold” rating in a research report on Monday, September 30th.

Smiths Group Trading Down 2.5 %

Shares of SMGZY stock traded down $0.53 during trading hours on Monday, reaching $21.02. 16,791 shares of the company’s stock were exchanged, compared to its average volume of 15,413. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.07 and a quick ratio of 1.39. The stock’s fifty day moving average price is $21.79 and its two-hundred day moving average price is $22.22. Smiths Group has a 1 year low of $19.34 and a 1 year high of $24.49.

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.