Weir Group (OTCMKTS:WEGRY) Shares Shorted: Short Interest Up 134.8% in September

Weir Group (OTCMKTS:WEGRY) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 18,580 shares, an increase of 134.8% from the August 31st total of 7,914 shares. Based on an average daily volume of 171,758 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Weir Group Stock Performance

OTCMKTS:WEGRY opened at $17.91 on Monday. Weir Group has a 12 month low of $15.38 and a 12 month high of $24.85. The company has a quick ratio of 1.30, a current ratio of 2.05 and a debt-to-equity ratio of 0.87. The firm’s 50 day moving average is $18.43 and its 200 day moving average is $18.14.

Analysts Set New Price Targets

WEGRY has been the topic of a number of recent analyst reports. Kepler Capital Markets upgraded Weir Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Citigroup restated a “buy” rating on shares of Weir Group in a research report on Thursday, July 30th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Weir Group in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Weir Group currently has an average rating of “Moderate Buy”.

About Weir Group

Weir Group plc is a Glasgow, Scotland-based engineering company that supplies equipment, technology and services to the global mining industry. Its products are designed to support key stages of mineral processing, including crushing, grinding, classification, slurry handling, dewatering and tailings management.

The company operates primarily through its Weir Minerals and Weir ESCO businesses. Weir Minerals provides pumps, valves, crushers, screens, hydrocyclones, mill liners and other processing equipment, while Weir ESCO supplies ground-engaging tools and related products for surface mining and construction equipment.