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

Smiths Group PLC (OTCMKTS:SMGZY) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 36,076 shares, a decline of 51.9% from the May 14th total of 75,045 shares. Based on an average daily trading volume, of 44,666 shares, the short-interest ratio is presently 0.8 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SMGZY. Zacks Research upgraded shares of Smiths Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Jefferies Financial Group reissued a “hold” rating on shares of Smiths Group in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Smiths Group currently has a consensus rating of “Moderate Buy”.

Smiths Group Trading Up 0.1%

OTCMKTS:SMGZY opened at $34.11 on Friday. The company’s 50 day moving average price is $34.12 and its 200-day moving average price is $34.02. Smiths Group has a 52 week low of $28.29 and a 52 week high of $37.93.

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.