Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Short Interest Down 54.2% in February

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 2,200 shares, a decline of 54.2% from the January 31st total of 4,800 shares. Based on an average daily volume of 46,700 shares, the short-interest ratio is currently 0.0 days.

Spirax-Sarco Engineering Price Performance

SPXSY opened at $45.61 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.25 and a quick ratio of 1.61. The stock’s 50 day moving average price is $45.81 and its 200-day moving average price is $46.34. Spirax-Sarco Engineering has a 52-week low of $39.28 and a 52-week high of $69.37.

Analyst Ratings Changes

SPXSY has been the topic of several research analyst reports. Barclays raised Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th. Hsbc Global Res cut Spirax-Sarco Engineering from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th.

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.