Smiths Group PLC (OTCMKTS:SMGZY) Short Interest Update

Smiths Group PLC (OTCMKTS:SMGZY) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 99,917 shares, an increase of 177.0% from the May 31st total of 36,076 shares. Based on an average daily trading volume, of 65,996 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.0% of the shares of the company are short sold.

Smiths Group Trading Down 1.0%

OTCMKTS:SMGZY opened at $33.98 on Friday. Smiths Group has a 1 year low of $28.29 and a 1 year high of $37.93. The stock has a fifty day moving average price of $34.27 and a two-hundred day moving average price of $34.13.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SMGZY shares. Zacks Research raised Smiths Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Smiths Group in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Smiths Group presently has an average rating of “Moderate Buy”.

About Smiths Group

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.