Short Interest in Halma plc (OTCMKTS:HLMAF) Drops By 27.4%

Halma plc (OTCMKTS:HLMAF) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 193,700 shares, a drop of 27.4% from the February 28th total of 266,800 shares. Based on an average daily trading volume, of 15,600 shares, the days-to-cover ratio is currently 12.4 days. Approximately 0.1% of the shares of the company are short sold.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Hsbc Global Res raised shares of Halma from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, March 4th. Berenberg Bank raised Halma from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Finally, HSBC raised Halma to a “hold” rating in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Halma Price Performance

OTCMKTS:HLMAF traded up $0.07 during trading hours on Tuesday, hitting $33.38. 11,321 shares of the stock were exchanged, compared to its average volume of 34,103. The firm’s fifty day moving average price is $35.63 and its 200 day moving average price is $34.34. Halma has a 52-week low of $27.03 and a 52-week high of $38.53. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.72 and a quick ratio of 1.85.

About Halma

Halma plc, together its subsidiaries, provides technology solutions in the safety, health, and environmental markets in the United States, Mainland Europe, the United Kingdom, the Asia Pacific, Africa, the Middle East, and internationally. It operates through three segments: Safety, Environmental & Analysis, and Medical.