Short Interest in Smiths Group PLC (OTCMKTS:SMGZY) Drops By 78.2%

Smiths Group PLC (OTCMKTS:SMGZY) was the target of a significant drop in short interest in 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. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 48,347 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

SMGZY has been the topic of several research reports. Zacks Research upgraded shares of 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 research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Smiths Group Trading Up 0.6%

Shares of OTCMKTS SMGZY traded up $0.21 during trading hours on Friday, hitting $33.74. The stock had a trading volume of 22,276 shares, compared to its average volume of 21,432. The firm’s 50-day moving average price is $34.04 and its two-hundred day moving average price is $34.27. Smiths Group has a 52 week low of $28.29 and a 52 week 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.