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

Halma plc (OTCMKTS:HLMAF - Get Free Report) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 154,900 shares, a drop of 20.0% from the March 15th total of 193,700 shares. Based on an average daily volume of 14,800 shares, the short-interest ratio is presently 10.5 days. Currently, 0.0% of the shares of the company are short sold.

Halma Price Performance

HLMAF stock traded up $0.32 during midday trading on Friday, reaching $36.11. The company had a trading volume of 11,306 shares, compared to its average volume of 29,103. Halma has a 1-year low of $27.64 and a 1-year high of $38.53. The stock has a 50 day moving average price of $34.23 and a 200-day moving average price of $34.19. The company has a quick ratio of 1.85, a current ratio of 2.72 and a debt-to-equity ratio of 0.42.

Wall Street Analysts Forecast Growth

HLMAF has been the topic of several research reports. HSBC upgraded shares of Halma to a "hold" rating in a research note on Tuesday, March 4th. Berenberg Bank raised shares of Halma from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. Finally, Hsbc Global Res upgraded Halma from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. According to MarketBeat, Halma 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.