Smiths Group PLC (OTCMKTS:SMGZY) Short Interest Down 78.2% in June

Smiths Group PLC (OTCMKTS:SMGZY) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 21,766 shares, a decline of 78.2% from the June 15th total of 99,917 shares. Based on an average daily volume of 48,347 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

SMGZY has been the topic of several research reports. Zacks Research upgraded shares of Smiths Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Jefferies Financial Group reissued a “hold” rating on shares of Smiths Group in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Smiths Group currently has a consensus rating of “Moderate Buy”.

Smiths Group Trading Down 0.9%

Shares of OTCMKTS:SMGZY traded down $0.32 on Monday, hitting $33.42. 13,452 shares of the company’s stock were exchanged, compared to its average volume of 35,926. The firm’s 50-day moving average is $34.04 and its 200 day moving average is $34.28. Smiths Group has a 1-year low of $28.29 and a 1-year high of $37.93.

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.