Short Interest in Halma (OTCMKTS:HLMAF) Rises By 81.5%

Halma (OTCMKTS:HLMAF) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 288,780 shares, an increase of 81.5% from the June 15th total of 159,111 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 10,022 shares, the days-to-cover ratio is currently 28.8 days.

Halma Price Performance

Shares of HLMAF stock opened at $49.58 on Friday. Halma has a 12-month low of $41.77 and a 12-month high of $66.22. The stock has a 50 day simple moving average of $56.37 and a 200-day simple moving average of $54.03.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. BNP Paribas Exane upgraded shares of Halma to an “outperform” rating in a research note on Monday, June 15th. Citigroup restated a “buy” rating on shares of Halma in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Halma presently has a consensus rating of “Moderate Buy”.

Halma Company Profile

Halma plc is a United Kingdom–based group of specialist technology companies that develop products and services designed to protect and improve lives. The company focuses on safety, health and environmental markets, bringing together a portfolio of engineering-led businesses that design, manufacture and distribute sensing, detection, monitoring and control technologies. Its offering is aimed at reducing risk, improving safety outcomes and supporting regulatory compliance across a range of industrial, commercial and medical settings.

Halma’s subsidiaries supply a broad array of hardware and software solutions, including sensors and detection systems for fire, gas and hazardous conditions, medical devices and diagnostics, environmental and water-quality monitoring equipment, and related lifecycle services such as calibration, maintenance and technical support.