Smiths Group plc (OTCMKTS:SMGZY) Short Interest Up 925.0% in October

Smiths Group plc (OTCMKTS:SMGZY) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 4,100 shares, a growth of 925.0% from the September 30th total of 400 shares. Based on an average daily volume of 31,700 shares, the short-interest ratio is currently 0.1 days.

Smiths Group Stock Performance

Shares of Smiths Group stock traded up $0.19 during trading on Friday, hitting $20.87. The stock had a trading volume of 62,125 shares, compared to its average volume of 9,810. Smiths Group has a 12 month low of $18.86 and a 12 month high of $24.49. The business’s 50-day moving average is $22.73 and its 200 day moving average is $22.06. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.

Smiths Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, October 18th will be issued a $0.378 dividend. This is a boost from Smiths Group’s previous dividend of $0.16. The ex-dividend date is Friday, October 18th.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SMGZY shares. Barclays raised shares of Smiths Group to a “hold” rating in a research report on Monday, September 30th. Berenberg Bank upgraded Smiths Group to a “hold” rating in a research note on Friday, August 23rd.

About Smiths Group

Smiths Group plc operates as a technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four divisions: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane division offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.