Smiths Group plc (OTCMKTS:SMGZY) Short Interest Up 48.5% in March

Smiths Group plc (OTCMKTS:SMGZY - Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 10,100 shares, a growth of 48.5% from the March 15th total of 6,800 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 38,700 shares, the days-to-cover ratio is currently 0.3 days.

Smiths Group Price Performance

OTCMKTS:SMGZY traded down $0.04 during midday trading on Wednesday, reaching $24.10. The company had a trading volume of 8,716 shares, compared to its average volume of 13,328. Smiths Group has a 12-month low of $19.34 and a 12-month high of $27.00. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The stock's fifty day simple moving average is $25.41 and its 200-day simple moving average is $23.30.

Smiths Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Friday, April 4th will be paid a $0.1839 dividend. The ex-dividend date of this dividend is Friday, April 4th.

Wall Street Analysts Forecast Growth

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

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.