Oxford Instruments PLC (OTCMKTS:OXINF) Short Interest Down 52.6% in June

Oxford Instruments PLC (OTCMKTS:OXINF) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 17,694 shares, a decline of 52.6% from the May 31st total of 37,339 shares. Based on an average daily volume of 201 shares, the days-to-cover ratio is presently 88.0 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

OXINF has been the subject of a number of recent analyst reports. Jefferies Financial Group restated a “hold” rating on shares of Oxford Instruments in a research note on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Oxford Instruments in a report on Wednesday, June 10th. Finally, Berenberg Bank lowered shares of Oxford Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

Oxford Instruments Price Performance

OTCMKTS OXINF remained flat at $41.00 on Tuesday. 322 shares of the company’s stock were exchanged, compared to its average volume of 360. Oxford Instruments has a twelve month low of $23.70 and a twelve month high of $45.90. The stock has a 50 day moving average price of $39.62 and a 200-day moving average price of $33.43. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.77 and a quick ratio of 1.34.

Oxford Instruments Company Profile

Oxford Instruments plc, founded in 1959 as a spin-out from the University of Oxford, is a leading developer and manufacturer of high-technology tools and systems for industry and research. Headquartered in Abingdon, Oxfordshire, the company leverages expertise in materials science, superconducting technology and precision engineering to deliver solutions that enable scientific discovery and industrial innovation.

The company’s offerings span a range of analytical and measurement techniques, including electron microscopy accessories, X-ray fluorescence and X-ray diffraction systems for materials characterization, as well as helium-free superconducting magnets for quantum research.