Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Sees Large Growth in Short Interest

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 3,400 shares, a growth of 385.7% from the August 31st total of 700 shares. Based on an average daily volume of 30,100 shares, the days-to-cover ratio is presently 0.1 days.

Spirax-Sarco Engineering Stock Up 5.0 %

Spirax-Sarco Engineering stock traded up $2.40 during trading hours on Friday, reaching $50.50. 1,644 shares of the stock were exchanged, compared to its average volume of 3,384. Spirax-Sarco Engineering has a 52-week low of $47.83 and a 52-week high of $69.37. The firm’s 50 day moving average is $51.14 and its 200 day moving average is $56.48.

Spirax-Sarco Engineering Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, October 18th will be paid a $0.2681 dividend. The ex-dividend date is Friday, October 18th.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.