Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Sees Significant Decrease in Short Interest

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 100 shares, a drop of 66.7% from the February 28th total of 300 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 16,500 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

SPXSY has been the topic of several analyst reports. Barclays raised Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th. Hsbc Global Res upgraded shares of Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 13th.

Spirax-Sarco Engineering Trading Down 1.1 %

Shares of SPXSY stock traded down $0.47 during mid-day trading on Friday, hitting $42.66. The company’s stock had a trading volume of 10,624 shares, compared to its average volume of 19,332. The company has a quick ratio of 1.61, a current ratio of 2.25 and a debt-to-equity ratio of 0.76. Spirax-Sarco Engineering has a 52-week low of $39.28 and a 52-week high of $61.67. The business has a 50-day moving average price of $46.94 and a 200 day moving average price of $45.79.

Spirax-Sarco Engineering Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 9th. Stockholders of record on Friday, April 25th will be paid a $0.7609 dividend. The ex-dividend date of this dividend is Friday, April 25th. This is a positive change from Spirax-Sarco Engineering’s previous dividend of $0.27.

About Spirax-Sarco Engineering

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.