Halma plc (OTCMKTS:HLMAF) Sees Large Decline in Short Interest

Halma plc (OTCMKTS:HLMAF) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 266,800 shares, a drop of 26.6% from the February 13th total of 363,300 shares. Based on an average daily volume of 20,200 shares, the days-to-cover ratio is presently 13.2 days. Approximately 0.1% of the company’s stock are sold short.

Halma Stock Down 1.7 %

Shares of OTCMKTS HLMAF traded down $0.61 during midday trading on Tuesday, hitting $35.01. 4,470 shares of the company’s stock were exchanged, compared to its average volume of 40,121. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.85 and a current ratio of 2.72. Halma has a 12 month low of $27.03 and a 12 month high of $38.53. The company’s 50 day moving average price is $35.50 and its 200 day moving average price is $34.30.

Analysts Set New Price Targets

A number of research firms have weighed in on HLMAF. Berenberg Bank upgraded Halma from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. HSBC upgraded Halma to a “hold” rating in a research note on Tuesday, March 4th. Hsbc Global Res upgraded Halma from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Citigroup upgraded Halma to a “hold” rating in a research note on Thursday, November 28th. Three research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Halma presently has a consensus rating of “Moderate Buy”.

About Halma

Halma plc, together its subsidiaries, provides technology solutions in the safety, health, and environmental markets in the United States, Mainland Europe, the United Kingdom, the Asia Pacific, Africa, the Middle East, and internationally. It operates through three segments: Safety, Environmental & Analysis, and Medical.