Oxford Instruments PLC (OTCMKTS:OXINF) Short Interest Down 20.9% in March

Oxford Instruments PLC (OTCMKTS:OXINF) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totaling 18,891 shares, a decline of 20.9% from the March 15th total of 23,890 shares. Based on an average trading volume of 280 shares, the days-to-cover ratio is presently 67.5 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OXINF. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Oxford Instruments in a report on Friday, January 16th. Jefferies Financial Group reissued a “hold” rating on shares of Oxford Instruments in a research report on Tuesday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Oxford Instruments Price Performance

Shares of OTCMKTS OXINF opened at $30.45 on Friday. Oxford Instruments has a twelve month low of $22.63 and a twelve month high of $36.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.34 and a current ratio of 1.77. The company has a 50 day moving average of $32.79 and a 200 day moving average of $28.14.

Oxford Instruments Company Profile

Oxford Instruments plc, founded in 1959 as a spin-out from the University of Oxford, is a leading developer and manufacturer of high-technology tools and systems for industry and research. Headquartered in Abingdon, Oxfordshire, the company leverages expertise in materials science, superconducting technology and precision engineering to deliver solutions that enable scientific discovery and industrial innovation.

The company’s offerings span a range of analytical and measurement techniques, including electron microscopy accessories, X-ray fluorescence and X-ray diffraction systems for materials characterization, as well as helium-free superconducting magnets for quantum research.