Short Interest in Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Declines By 36.8%

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) saw a large decline in short interest in May. As of May 31st, there was short interest totalling 4,300 shares, a decline of 36.8% from the May 15th total of 6,800 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 50,200 shares, the short-interest ratio is presently 0.1 days.

Spirax-Sarco Engineering Stock Down 2.1%

SPXSY opened at $40.14 on Monday. The company has a quick ratio of 1.61, a current ratio of 2.25 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average of $39.73 and a 200 day moving average of $43.28. Spirax-Sarco Engineering has a fifty-two week low of $34.93 and a fifty-two week high of $58.22.

Spirax-Sarco Engineering Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, April 25th were issued a dividend of $0.7609 per share. The ex-dividend date of this dividend was Friday, April 25th. This is an increase from Spirax-Sarco Engineering’s previous dividend of $0.27.

Analysts Set New Price Targets

Separately, Hsbc Global Res lowered shares of Spirax-Sarco Engineering from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 17th.

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.