Oxford Instruments PLC (OTCMKTS:OXINF) Sees Large Decline in Short Interest

Oxford Instruments PLC (OTCMKTS:OXINF) saw a significant decrease in short interest in 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 shares of the stock are short sold. Based on an average daily volume of 201 shares, the days-to-cover ratio is currently 88.0 days.

Analyst Upgrades and Downgrades

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

Oxford Instruments Stock Performance

OTCMKTS:OXINF opened at $41.00 on Thursday. The company’s 50-day moving average is $40.05 and its two-hundred day moving average is $33.67. 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.