Oxford Instruments PLC (OTCMKTS:OXINF) Short Interest Down 52.6% in June

Oxford Instruments PLC (OTCMKTS:OXINF) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 17,694 shares, a decrease of 52.6% from the May 31st total of 37,339 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 201 shares, the days-to-cover ratio is currently 88.0 days.

Analysts Set New Price Targets

OXINF has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Oxford Instruments in a research note on Wednesday, June 10th. Jefferies Financial Group restated a “hold” rating on shares of Oxford Instruments in a report on Tuesday, April 14th. Finally, Berenberg Bank lowered Oxford Instruments from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Oxford Instruments Price Performance

Shares of OXINF opened at $41.00 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.34 and a current ratio of 1.77. The company’s fifty day simple moving average is $39.84 and its 200 day simple moving average is $33.55. Oxford Instruments has a 1-year low of $23.70 and a 1-year high of $45.90.

About Oxford Instruments

Oxford Instruments plc, founded in 1959 as a spin-out from the University of Oxford, is a leading developer and manufacturer of high-technology tools and systems for industry and research. Headquartered in Abingdon, Oxfordshire, the company leverages expertise in materials science, superconducting technology and precision engineering to deliver solutions that enable scientific discovery and industrial innovation.

The company’s offerings span a range of analytical and measurement techniques, including electron microscopy accessories, X-ray fluorescence and X-ray diffraction systems for materials characterization, as well as helium-free superconducting magnets for quantum research.