Short Interest in Smiths Group plc (OTCMKTS:SMGZY) Drops By 90.2%

Smiths Group plc (OTCMKTS:SMGZY) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 400 shares, a decrease of 90.2% from the October 15th total of 4,100 shares. Based on an average daily volume of 201,200 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barclays upgraded Smiths Group to a “hold” rating in a report on Monday, September 30th. Berenberg Bank raised Smiths Group to a “hold” rating in a research note on Friday, August 23rd.

Smiths Group Price Performance

Shares of OTCMKTS:SMGZY traded up $2.16 during trading on Wednesday, hitting $21.52. 56,512 shares of the company’s stock traded hands, compared to its average volume of 15,882. Smiths Group has a 52 week low of $19.34 and a 52 week high of $24.49. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $21.87 and a 200-day moving average price of $22.07.

Smiths Group Increases Dividend

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