Smiths Group plc (OTCMKTS:SMGZY) Sees Large Drop in Short Interest

Smiths Group plc (OTCMKTS:SMGZY - Get Free Report) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 700 shares, a decrease of 91.1% from the March 31st total of 7,900 shares. Based on an average trading volume of 33,900 shares, the days-to-cover ratio is presently 0.0 days.

Smiths Group Stock Performance

OTCMKTS:SMGZY traded up $0.66 during trading hours on Friday, hitting $20.68. 10,832 shares of the company traded hands, compared to its average volume of 8,505. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.94 and a quick ratio of 1.23. Smiths Group has a twelve month low of $18.49 and a twelve month high of $23.22. The firm has a 50-day moving average of $20.57 and a 200 day moving average of $20.67.

Smiths Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 20th. Stockholders of record on Friday, April 5th will be given a dividend of $0.1562 per share. The ex-dividend date is Thursday, April 4th.

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.