Smiths Group PLC (OTCMKTS:SMGZY) Short Interest Down 29.8% in October

Smiths Group PLC (OTCMKTS:SMGZY) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 11,300 shares, a decrease of 29.8% from the September 30th total of 16,100 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 19,400 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 19,400 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company’s shares are short sold.

Smiths Group Trading Up 0.4%

Smiths Group stock opened at $33.75 on Monday. Smiths Group has a 12-month low of $19.34 and a 12-month high of $34.28. The firm’s fifty day moving average is $32.76 and its 200 day moving average is $30.84. The company has a current ratio of 2.18, a quick ratio of 1.56 and a debt-to-equity ratio of 0.31.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Smiths Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

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.