Smiths Group plc (OTCMKTS:SMGZY) Sees Significant Decrease in Short Interest

Smiths Group plc (OTCMKTS:SMGZY) was the recipient of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 32,700 shares, a decline of 45.4% from the November 15th total of 59,900 shares. Based on an average daily volume of 82,300 shares, the short-interest ratio is currently 0.4 days.

Smiths Group Trading Down 2.3 %

Shares of SMGZY stock traded down $0.53 during trading hours on Friday, hitting $22.36. 19,789 shares of the company were exchanged, compared to its average volume of 16,943. Smiths Group has a fifty-two week low of $19.34 and a fifty-two week high of $24.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 2.07. The company has a 50 day simple moving average of $21.44 and a two-hundred day simple moving average of $22.22.

Smiths Group Increases Dividend

The company also recently declared a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, October 18th were issued a $0.378 dividend. The ex-dividend date was Friday, October 18th. This is a boost from Smiths Group’s previous dividend of $0.16.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Barclays raised shares of Smiths Group to a “hold” rating in a research note on Monday, September 30th. Citigroup upgraded Smiths Group to a “strong-buy” rating in a report on Thursday, November 28th. Finally, Berenberg Bank raised Smiths Group to a “hold” rating in a research note on Friday, August 23rd.

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.