Smiths Group plc (OTCMKTS:SMGZY) Short Interest Update

Smiths Group plc (OTCMKTS:SMGZY) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 59,900 shares, an increase of 14,875.0% from the October 31st total of 400 shares. Based on an average daily volume of 72,300 shares, the days-to-cover ratio is presently 0.8 days.

Smiths Group Trading Up 1.0 %

OTCMKTS SMGZY traded up $0.22 during trading on Wednesday, hitting $22.47. The company’s stock had a trading volume of 32,847 shares, compared to its average volume of 89,975. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.07 and a quick ratio of 1.39. The business’s 50 day simple moving average is $21.55 and its 200-day simple moving average is $22.15. Smiths Group has a fifty-two week low of $19.34 and a fifty-two week high of $24.49.

Smiths Group Increases Dividend

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

Wall Street Analysts Forecast Growth

SMGZY has been the topic of a number of recent research reports. Barclays raised Smiths Group to a “hold” rating in a research report on Monday, September 30th. Berenberg Bank raised Smiths Group to a “hold” rating in a research report on Friday, August 23rd.

Smiths Group Company Profile

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.