Smiths Group PLC (OTCMKTS:SMGZY) Sees Significant Decline in Short Interest

Smiths Group PLC (OTCMKTS:SMGZY) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 11,300 shares, a decline of 29.8% from the September 30th total of 16,100 shares. Based on an average daily trading volume, of 19,400 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 19,400 shares, the short-interest ratio is currently 0.6 days.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Smiths Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

Smiths Group Stock Performance

SMGZY opened at $33.78 on Wednesday. The company has a 50-day moving average of $32.81 and a 200-day moving average of $30.97. Smiths Group has a 1-year low of $19.34 and a 1-year high of $34.28. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.18 and a quick ratio of 1.56.

Smiths Group Company Profile

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.