Smiths Group PLC (OTCMKTS:SMGZY) Stock Short Interest Climbs 176.4%

Smiths Group PLC (OTCMKTS:SMGZY) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 38,006 shares, an increase of 176.4% from the September 15th total of 13,748 shares. Based on an average trading volume of 47,111 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

SMGZY has been the topic of a number of research analyst reports. The Goldman Sachs Group raised shares of Smiths Group to a “strong-buy” rating in a research note on Thursday, August 6th. Zacks Research raised Smiths Group from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Finally, Citigroup cut Smiths Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Smiths Group Stock Performance

Shares of SMGZY stock traded down $0.18 during trading on Tuesday, reaching $36.54. The company’s stock had a trading volume of 15,468 shares, compared to its average volume of 33,295. The company has a current ratio of 2.77, a quick ratio of 2.56 and a debt-to-equity ratio of 0.24. The stock’s 50-day moving average price is $35.85 and its 200 day moving average price is $34.71. Smiths Group has a 1-year low of $28.29 and a 1-year high of $38.21.

Smiths Group Company Profile

Smiths Group plc is a United Kingdom-based engineering company that develops and manufactures specialized products and technologies for critical applications. Its businesses serve markets including aerospace, defense, transportation, energy, medical, communications, and infrastructure, with operations and customers across international markets.

The company’s principal activities include threat-detection and screening systems through Smiths Detection; engineered sealing and rotating-equipment solutions through John Crane; engineered components and systems for aerospace, industrial, and other demanding applications through Flex-Tek; and electronic connectors and high-performance interconnect solutions through Smiths Interconnect.