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

Smiths Group plc (OTCMKTS:SMGZY) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 700 shares, a drop of 91.1% from the March 31st total of 7,900 shares. Based on an average trading volume of 33,900 shares, the days-to-cover ratio is presently 0.0 days.

Smiths Group Stock Performance

OTCMKTS SMGZY traded up $0.66 during trading on Friday, reaching $20.68. 9,703 shares of the stock traded hands, compared to its average volume of 8,505. Smiths Group has a fifty-two week low of $18.49 and a fifty-two week high of $23.22. The company has a quick ratio of 1.23, a current ratio of 1.94 and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average price is $20.57 and its 200 day moving average price is $20.67.

Smiths Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, May 20th. Stockholders of record on Friday, April 5th will be issued a $0.1562 dividend. The ex-dividend date is Thursday, 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.