Smiths Group plc (OTCMKTS:SMGZY) Short Interest Down 15.0% in March

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

Wall Street Analysts Forecast Growth

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

Smiths Group Stock Down 0.8 %

Shares of OTCMKTS:SMGZY opened at $25.38 on Tuesday. The business's 50-day simple moving average is $25.70 and its 200 day simple moving average is $23.23. Smiths Group has a one year low of $19.34 and a one year 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.

Smiths Group Cuts Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.