Smiths Group PLC (OTCMKTS:SMGZY) Short Interest Update

Smiths Group PLC (OTCMKTS:SMGZY) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 21,766 shares, a drop of 78.2% from the June 15th total of 99,917 shares. Based on an average daily volume of 48,347 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.

Smiths Group Trading Up 0.6%

Shares of OTCMKTS SMGZY traded up $0.21 during mid-day trading on Friday, hitting $33.74. The company had a trading volume of 22,276 shares, compared to its average volume of 21,432. Smiths Group has a 12 month low of $28.29 and a 12 month high of $37.93. The firm’s 50 day simple moving average is $34.04 and its two-hundred day simple moving average is $34.27.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Zacks Research raised Smiths Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Jefferies Financial Group reiterated a “hold” rating on shares of Smiths Group in a research note on Wednesday, May 20th. One 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 stock. According to MarketBeat.com, Smiths Group has a consensus rating of “Moderate Buy”.

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.