Smiths Group PLC (OTCMKTS:SMGZY) Sees Significant Decrease in Short Interest

Key Points

• Smiths Group PLC experienced a significant 73% decrease in short interest during September, dropping from 59,600 shares to 16,100 shares.
• As of September 30th, the days-to-cover ratio stands at 0.6 days based on an average daily trading volume of 27,000 shares.
• The company's stock opened at $32.96 and has a debt-to-equity ratio of 0.31, indicating a solid financial position.

Smiths Group PLC (OTCMKTS:SMGZY - ) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 16,100 shares, a decline of 73.0% from the September 15th total of 59,600 shares. Based on an average daily volume of 27,000 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 27,000 shares, the days-to-cover ratio is currently 0.6 days.

Smiths Group Trading Down 0.4%

OTCMKTS SMGZY opened at $32.96 on Friday. The company has a quick ratio of 1.56, a current ratio of 2.18 and a debt-to-equity ratio of 0.31. Smiths Group has a fifty-two week low of $19.34 and a fifty-two week high of $33.42. The firm's fifty day moving average price is $32.45 and its two-hundred day moving average price is $29.99.

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.

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