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

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

Smiths Group Stock Performance

Shares of SMGZY opened at $34.11 on Friday. The stock has a 50-day moving average of $34.12 and a 200-day moving average of $34.02. Smiths Group has a one year low of $28.29 and a one year high of $37.93.

Analyst Ratings Changes

Several analysts have issued reports on SMGZY shares. Zacks Research raised Smiths Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Jefferies Financial Group restated a “hold” rating on shares of Smiths Group in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Smiths Group Company Profile

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.