Smiths Group plc (OTCMKTS:SMGZY) Sees Significant Decline in Short Interest

Smiths Group plc (OTCMKTS:SMGZY) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 400 shares, a decrease of 96.5% from the September 15th total of 11,400 shares. Based on an average daily volume of 58,000 shares, the days-to-cover ratio is currently 0.0 days.

Smiths Group Stock Performance

OTCMKTS SMGZY traded down $0.29 on Thursday, hitting $20.87. 16,377 shares of the company were exchanged, compared to its average volume of 8,508. Smiths Group has a twelve month low of $18.49 and a twelve month high of $24.49. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.91 and a quick ratio of 1.16. The company’s 50 day moving average price is $22.99 and its 200-day moving average price is $22.03.

Smiths Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, October 18th will be paid a dividend of $0.378 per share. This is a positive change from Smiths Group’s previous dividend of $0.16. The ex-dividend date is Friday, October 18th.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SMGZY shares. Berenberg Bank upgraded shares of Smiths Group to a “hold” rating in a research report on Friday, August 23rd. Barclays raised shares of Smiths Group to a “hold” rating in a research report on Monday, September 30th.

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.