Halma (OTCMKTS:HLMAF) Sees Significant Decrease in Short Interest

Key Points

• Halma experienced a 32.5% decrease in short interest in September, dropping from 125,000 shares to 84,400 shares as of September 30th.
• Analysts provide a mixed outlook with ratings including four Strong Buy, two Buy, five Hold, and one Sell for Halma, leading to a consensus rating of Moderate Buy.
• Halma's stock recently dropped by 1.4% to close at $46.51 with a significant variance in trading volume, indicating fluctuating investor interest.

Halma (OTCMKTS:HLMAF - Get Free Report) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 84,400 shares, a decrease of 32.5% from the September 15th total of 125,000 shares. Based on an average daily trading volume, of 6,300 shares, the days-to-cover ratio is currently 13.4 days. Based on an average daily trading volume, of 6,300 shares, the days-to-cover ratio is currently 13.4 days.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HLMAF shares. Barclays reaffirmed an "overweight" rating on shares of Halma in a research note on Friday, September 26th. Zacks Research lowered Halma from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. The Goldman Sachs Group raised Halma to a "strong-buy" rating in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Halma in a research note on Monday, October 6th. Finally, UBS Group reaffirmed a "buy" rating on shares of Halma in a research note on Thursday, September 25th. Four investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Halma has a consensus rating of "Moderate Buy".

Halma Stock Down 1.4%

HLMAF stock traded down $0.66 on Thursday, reaching $46.51. The company's stock had a trading volume of 1,424 shares, compared to its average volume of 15,193. The business has a fifty day simple moving average of $45.35 and a two-hundred day simple moving average of $41.97. Halma has a 12-month low of $29.83 and a 12-month high of $48.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.44.

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.

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