Smiths Group plc (OTCMKTS:SMGZY) Sees Significant Increase in Short Interest

Smiths Group plc (OTCMKTS:SMGZY - Get Free Report) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 16,400 shares, an increase of 62.4% from the March 31st total of 10,100 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 42,700 shares, the days-to-cover ratio is presently 0.4 days.

Smiths Group Trading Up 1.3 %

Shares of SMGZY traded up $0.33 on Friday, hitting $25.78. 3,504 shares of the stock traded hands, compared to its average volume of 12,948. Smiths Group has a 1 year low of $19.34 and a 1 year high of $27.00. The stock's 50 day moving average is $25.20 and its two-hundred day moving average is $23.53. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 2.07.

Smiths Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Friday, April 4th will be paid a dividend of $0.1839 per share. The ex-dividend date is Friday, April 4th.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Smiths Group in a research note on Monday, February 3rd.

Smiths Group Company Profile

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.