Halma plc (OTCMKTS:HLMAF) Sees Large Decline in Short Interest

Halma plc (OTCMKTS:HLMAF) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 193,700 shares, a decrease of 27.4% from the February 28th total of 266,800 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 15,600 shares, the short-interest ratio is presently 12.4 days.

Halma Stock Performance

HLMAF stock traded up $0.07 during midday trading on Monday, reaching $33.38. The company’s stock had a trading volume of 11,321 shares, compared to its average volume of 34,103. The business’s 50-day simple moving average is $35.63 and its 200-day simple moving average is $34.34. Halma has a 52 week low of $27.03 and a 52 week high of $38.53. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.72 and a quick ratio of 1.85.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HLMAF. HSBC upgraded shares of Halma to a “hold” rating in a research report on Tuesday, March 4th. Berenberg Bank upgraded Halma from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Finally, Hsbc Global Res raised shares of Halma from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Halma Company Profile

Halma plc, together its subsidiaries, provides technology solutions in the safety, health, and environmental markets in the United States, Mainland Europe, the United Kingdom, the Asia Pacific, Africa, the Middle East, and internationally. It operates through three segments: Safety, Environmental & Analysis, and Medical.