Short Interest in Smiths Group plc (OTCMKTS:SMGZY) Decreases By 45.4%

Smiths Group plc (OTCMKTS:SMGZY) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 32,700 shares, a drop of 45.4% from the November 15th total of 59,900 shares. Based on an average trading volume of 82,300 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

Several analysts have recently commented on SMGZY shares. Berenberg Bank raised Smiths Group to a “hold” rating in a report on Friday, August 23rd. Barclays raised shares of Smiths Group to a “hold” rating in a research note on Monday, September 30th. Finally, Citigroup upgraded shares of Smiths Group to a “strong-buy” rating in a research note on Thursday, November 28th.

Smiths Group Stock Performance

Shares of Smiths Group stock traded down $0.53 during trading hours on Friday, reaching $22.36. 19,789 shares of the company’s stock were exchanged, compared to its average volume of 16,943. Smiths Group has a 52-week low of $19.34 and a 52-week high of $24.49. The company has a fifty day moving average of $21.44 and a 200-day moving average of $22.22. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.

Smiths Group Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, October 18th were paid a $0.378 dividend. This is a positive change from Smiths Group’s previous dividend of $0.16. The ex-dividend date of this dividend was Friday, October 18th.

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.