Oxford Instruments plc (OTCMKTS:OXINF) Short Interest Update

Oxford Instruments plc (OTCMKTS:OXINF) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 200 shares, a drop of 33.3% from the August 15th total of 300 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is presently 1.0 days.

OXINF traded down $3.44 during trading on Friday, reaching $33.67. The stock had a trading volume of 560 shares, compared to its average volume of 61. Oxford Instruments has a one year low of $21.35 and a one year high of $37.28. The business has a 50-day moving average of $35.26 and a 200-day moving average of $30.89.

A number of equities research analysts recently issued reports on OXINF shares. Shore Capital reiterated a “buy” rating on shares of Oxford Instruments in a research report on Tuesday, June 22nd. Zacks Investment Research downgraded Oxford Instruments from a “buy” rating to a “hold” rating in a research report on Tuesday, August 10th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Oxford Instruments in a research report on Wednesday, June 9th. Finally, Berenberg Bank reiterated a “buy” rating on shares of Oxford Instruments in a research report on Thursday, June 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Oxford Instruments presently has a consensus rating of “Buy” and an average price target of $39.00.

About Oxford Instruments

Oxford Instruments Plc is a holding company, which engages in the research, development, manufacture, rental, sale, and service of high technology tools and systems. It operates through the following segments: Materials and Characterization; Research and Discovery; and Service and Healthcare. The Materials and Characterization segment focuses on applied research and development, and commercial customers, enabling the fabrication, and characterization of materials and devices down to the atomic scale.

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