Increase in Short Interest for Smiths Group plc (OTCMKTS:SMGZY)

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

Analysts Increase Price Targets

In a separate development, Citigroup upgraded Smiths Group to a "strong-buy" rating in a report published on November 28th.

Market Performance of Smiths Group

During trading hours on Friday, shares of SMGZY remained stable, closing at $26.54. The trading volume was recorded at 2,663 shares, which is below the average volume of 12,621 shares. Currently, the company’s fifty-day moving average price is $23.06, while the two-hundred-day moving average price is $22.53. Smiths Group has a debt-to-equity ratio of 0.28, a current ratio of 2.07, and a quick ratio of 1.39. In the past year, the stock has hit a low of $19.34 and a high of $26.89.

About Smiths Group

Smiths Group plc is a technology firm operating across the Americas, Europe, the Asia Pacific, and other regions. The company is divided into four main segments: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane division specializes in offering mechanical seals, seal support systems, power transmission couplings, and advanced filtration systems.

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