Spirax-Sarco Engineering plc (OTCMKTS:SPXSF) Sees Large Drop in Short Interest

Spirax-Sarco Engineering plc (OTCMKTS:SPXSF) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 54,000 shares, a decrease of 13.9% from the February 28th total of 62,700 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 90.0 days. Currently, 0.1% of the shares of the stock are short sold.

Spirax-Sarco Engineering Price Performance

SPXSF stock opened at $87.20 on Wednesday. The firm has a 50 day moving average of $92.34 and a 200-day moving average of $90.12. The company has a current ratio of 2.25, a quick ratio of 1.61 and a debt-to-equity ratio of 0.76. Spirax-Sarco Engineering has a 12-month low of $80.31 and a 12-month high of $138.80.

Spirax-Sarco Engineering Company Profile

Spirax Group PLC provides thermal energy and 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, specialty filling systems, and products for single-use applications.