Smiths Group PLC (OTCMKTS:SMGZY) Sees Significant Increase in Short Interest

Smiths Group PLC (OTCMKTS:SMGZY) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 75,045 shares, an increase of 127.4% from the April 30th total of 33,002 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 65,606 shares, the short-interest ratio is currently 1.1 days.

Smiths Group Trading Up 0.3%

Smiths Group stock traded up $0.11 during mid-day trading on Friday, hitting $33.34. The company had a trading volume of 32,169 shares, compared to its average volume of 26,600. The stock’s 50 day moving average price is $33.58 and its two-hundred day moving average price is $33.99. Smiths Group has a 12 month low of $28.29 and a 12 month high of $37.93.

Wall Street Analyst Weigh In

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

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.