Short Interest in Smiths Group PLC (OTCMKTS:SMGZY) Increases By 177.0%

Smiths Group PLC (OTCMKTS:SMGZY) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 99,917 shares, a growth of 177.0% from the May 31st total of 36,076 shares. Based on an average daily trading volume, of 65,996 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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

Smiths Group Stock Performance

SMGZY traded up $0.36 during trading on Tuesday, reaching $34.20. 12,939 shares of the company were exchanged, compared to its average volume of 36,953. Smiths Group has a 12-month low of $28.29 and a 12-month high of $37.93. The company’s 50-day moving average is $34.24 and its two-hundred day moving average is $34.16.

About Smiths Group

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.