Short Interest in Smiths Group plc (OTCMKTS:SMGZY) Expands By 17.4%

Smiths Group plc (OTCMKTS:SMGZY) has experienced a notable rise in short interest for the month of January. By the end of January 31st, short interest reached a total of 8,100 shares, reflecting an increase of 17.4% compared to the 6,900 shares reported on January 15th. With an average daily trading volume of 25,700 shares, the current days-to-cover ratio stands at 0.3 days.

Analysts Set New Price Targets

In a separate development, Citigroup recently upgraded Smiths Group to a "strong-buy" rating according to their research report released on November 28th.

Check Out Our Latest Analysis on SMGZY

Smiths Group Price Performance

During trading on Friday, shares of SMGZY saw minimal movement, settling at $26.54. The trading volume for the day was 2,663 shares, which is lower than the average volume of 12,621 shares. The company's fifty-day moving average price is $23.06, while the two-hundred-day moving average price is $22.53. Smiths Group reports a debt-to-equity ratio of 0.28, a current ratio of 2.07, and a quick ratio of 1.39. Over the past year, the company's shares have varied between a low of $19.34 and a high of $26.89.

Smiths Group Company Profile

Smiths Group plc is a technology company that operates globally, including the Americas, Europe, and the Asia Pacific region. The company functions through four major divisions: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane division specializes in mechanical seals, seal support systems, power transmission couplings, and advanced filtration systems.

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This article uses financial data to provide a concise overview of the recent developments concerning Smiths Group plc's stock performance and trading indicators.

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