Short Interest in Smiths Group PLC (OTCMKTS:SMGZY) Increases By 177.0%

Smiths Group PLC (OTCMKTS:SMGZY) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 99,917 shares, a growth of 177.0% from the May 31st total of 36,076 shares. Based on an average daily volume of 65,996 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Smiths Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Smiths Group in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Smiths Group Stock Performance

Shares of SMGZY traded down $0.57 during trading hours on Monday, reaching $33.40. The company had a trading volume of 3,958 shares, compared to its average volume of 37,138. Smiths Group has a 12-month low of $28.29 and a 12-month high of $37.93. The firm has a 50 day simple moving average of $34.27 and a 200-day simple moving average of $34.15.

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.