Short Interest in Smiths Group plc (OTCMKTS:SMGZY) Drops By 44.4%

Smiths Group plc (OTCMKTS:SMGZY – Get Rating) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,500 shares, a drop of 44.4% from the March 31st total of 2,700 shares. Based on an average daily volume of 37,000 shares, the short-interest ratio is currently 0.0 days.

SMGZY has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Smiths Group in a research report on Thursday, January 13th. They issued a “buy” rating on the stock. Morgan Stanley raised their price target on Smiths Group from GBX 1,580 ($20.14) to GBX 1,620 ($20.65) in a research report on Monday, March 28th. Finally, Zacks Investment Research raised Smiths Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 14th.

Shares of SMGZY stock traded up $0.04 during mid-day trading on Friday, reaching $18.31. 31,492 shares of the stock traded hands, compared to its average volume of 23,659. The stock’s fifty day simple moving average is $19.13 and its two-hundred day simple moving average is $19.98. Smiths Group has a 1-year low of $17.70 and a 1-year high of $23.22. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.39 and a current ratio of 2.77.

The company also recently declared a dividend, which will be paid on Friday, May 20th. Stockholders of record on Friday, April 8th will be paid a dividend of $0.1477 per share. This represents a dividend yield of 2.44%. The ex-dividend date is Thursday, April 7th.

About Smiths Group (Get Rating)

Smiths Group plc operates as a technology company serving the medical technology, security and defense, general industrial, energy, and space and aerospace markets worldwide. It operates through John Crane, Smiths Detection, Flex-Tek, Smiths Interconnect, and Smiths Medical divisions. The John Crane division offers mechanical seals, seal support systems, hydrodynamic bearings, packing materials, power transmission couplings, and specialized filtration systems.

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