Smiths Group PLC (OTCMKTS:SMGZY) Short Interest Update

Smiths Group PLC (OTCMKTS:SMGZY) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 34,429 shares, an increase of 54.7% from the July 30th total of 22,250 shares. Based on an average daily volume of 20,027 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating on shares of Smiths Group in a report on Wednesday, May 20th. Zacks Research lowered shares of Smiths Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Finally, The Goldman Sachs Group raised shares of Smiths Group to a “strong-buy” rating in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Smiths Group has an average rating of “Moderate Buy”.

Smiths Group Stock Down 2.6%

SMGZY opened at $34.59 on Wednesday. The business’s fifty day moving average is $35.08 and its two-hundred day moving average is $34.51. The company has a current ratio of 3.04, a quick ratio of 2.77 and a debt-to-equity ratio of 0.70. Smiths Group has a one year low of $28.29 and a one year 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.