Smiths Group PLC (OTCMKTS:SMGZY) Short Interest Update

Smiths Group PLC (OTCMKTS:SMGZY) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 36,076 shares, a drop of 51.9% from the May 14th total of 75,045 shares. Based on an average daily trading volume, of 44,666 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Zacks Research raised Smiths Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Smiths Group in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Smiths Group presently has an average rating of “Moderate Buy”.

Smiths Group Stock Up 0.1%

Shares of Smiths Group stock opened at $34.11 on Friday. Smiths Group has a 1-year low of $28.29 and a 1-year high of $37.93. The business’s fifty day moving average price is $34.12 and its two-hundred day moving average price is $34.02.

Smiths Group Company Profile

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.