Short Interest in Halma (OTCMKTS:HLMAF) Grows By 81.5%

Halma (OTCMKTS:HLMAF) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 288,780 shares, a growth of 81.5% from the June 15th total of 159,111 shares. Based on an average daily trading volume, of 10,022 shares, the days-to-cover ratio is currently 28.8 days. Approximately 0.1% of the company’s stock are short sold.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HLMAF. Citigroup restated a “buy” rating on shares of Halma in a report on Thursday, June 18th. BNP Paribas Exane raised Halma to an “outperform” rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Halma has an average rating of “Moderate Buy”.

Halma Stock Performance

Shares of HLMAF opened at $49.56 on Friday. The company’s fifty day simple moving average is $56.12 and its 200 day simple moving average is $53.99. Halma has a 1-year low of $41.77 and a 1-year high of $66.22.

Halma Company Profile

Halma plc is a United Kingdom–based group of specialist technology companies that develop products and services designed to protect and improve lives. The company focuses on safety, health and environmental markets, bringing together a portfolio of engineering-led businesses that design, manufacture and distribute sensing, detection, monitoring and control technologies. Its offering is aimed at reducing risk, improving safety outcomes and supporting regulatory compliance across a range of industrial, commercial and medical settings.

Halma’s subsidiaries supply a broad array of hardware and software solutions, including sensors and detection systems for fire, gas and hazardous conditions, medical devices and diagnostics, environmental and water-quality monitoring equipment, and related lifecycle services such as calibration, maintenance and technical support.