Short Interest in Smiths Group PLC (OTCMKTS:SMGZY) Drops By 78.2%

Smiths Group PLC (OTCMKTS:SMGZY) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 21,766 shares, a drop of 78.2% from the June 15th total of 99,917 shares. Based on an average daily volume of 48,347 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SMGZY. Jefferies Financial Group restated a “hold” rating on shares of Smiths Group in a report on Wednesday, May 20th. Zacks Research raised shares of Smiths Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Smiths Group presently has an average rating of “Moderate Buy”.

Smiths Group Price Performance

Shares of SMGZY traded up $0.21 during mid-day trading on Friday, reaching $33.74. The company’s stock had a trading volume of 22,276 shares, compared to its average volume of 21,432. The business has a fifty day moving average of $34.04 and a 200 day moving average of $34.27. Smiths Group has a 1 year low of $28.29 and a 1 year high of $37.93.

Smiths Group Company Profile

Smiths Group plc, headquartered in London, is a diversified engineering firm with roots dating back to 1851. Over its long history, the company has evolved from a manufacturer of timepieces into a provider of critical components and systems for industries ranging from energy and natural resources to healthcare and security. Smiths Group is publicly traded on the London Stock Exchange and its American depositary receipts trade over-the-counter under the symbol SMGZY.

The company operates through four principal divisions.