The Weir Group PLC (OTCMKTS:WEGRY) Sees Significant Growth in Short Interest

The Weir Group PLC (OTCMKTS:WEGRY) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,400 shares, an increase of 1,300.0% from the October 31st total of 100 shares. Based on an average trading volume of 6,900 shares, the short-interest ratio is currently 0.2 days.

The Weir Group Stock Performance

OTCMKTS WEGRY traded down $0.33 during trading hours on Wednesday, hitting $13.61. 2,951 shares of the company traded hands, compared to its average volume of 3,550. The business’s 50-day moving average is $13.94 and its 200-day moving average is $13.38. The Weir Group has a twelve month low of $11.06 and a twelve month high of $14.81.

The Weir Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, October 4th were paid a $0.095 dividend. The ex-dividend date of this dividend was Friday, October 4th.

Wall Street Analysts Forecast Growth

WEGRY has been the subject of a number of research analyst reports. Royal Bank of Canada raised The Weir Group to a “moderate buy” rating in a research note on Wednesday, July 31st. Barclays raised The Weir Group to a “strong-buy” rating in a research report on Wednesday, July 31st.

The Weir Group Company Profile

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets.