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

Smiths Group logo with Business Services background

Smiths Group plc (OTCMKTS:SMGZY - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 6,800 shares, a decline of 15.0% from the February 28th total of 8,000 shares. Based on an average daily volume of 10,600 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the company's shares are sold short.

Smiths Group Stock Down 7.9 %

Shares of Smiths Group stock traded down $2.00 on Friday, hitting $23.31. 35,321 shares of the company's stock traded hands, compared to its average volume of 12,628. The company has a fifty day moving average of $25.82 and a two-hundred day moving average of $23.26. Smiths Group has a one year low of $19.34 and a one year high of $27.00. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.28.

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 given a dividend of $0.1839 per share. The ex-dividend date of this dividend is Friday, April 4th.

Wall Street Analyst Weigh In

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

View Our Latest Report on SMGZY

About Smiths Group

(Get Free Report)

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.

Further Reading

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