Smiths Group PLC (OTCMKTS:SMGZY) Short Interest Update

Smiths Group PLC (OTCMKTS:SMGZY) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 36,076 shares, a decline of 51.9% from the May 14th total of 75,045 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 44,666 shares, the short-interest ratio is currently 0.8 days.

Analysts Set New Price Targets

Several research firms have recently commented on SMGZY. Zacks Research upgraded Smiths Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Jefferies Financial Group restated 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 given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Smiths Group Price Performance

Shares of Smiths Group stock opened at $34.11 on Monday. Smiths Group has a 12-month low of $28.29 and a 12-month high of $37.93. The company’s fifty day simple moving average is $34.12 and its two-hundred day simple moving average is $34.04.

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.