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

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 9,000 shares, a decrease of 25.0% from the November 15th total of 12,000 shares. Based on an average trading volume of 67,600 shares, the days-to-cover ratio is presently 0.1 days.

Spirax-Sarco Engineering Trading Down 1.7 %

OTCMKTS SPXSY traded down $0.83 on Friday, hitting $47.04. The company’s stock had a trading volume of 7,391 shares, compared to its average volume of 27,035. The company has a current ratio of 2.25, a quick ratio of 1.61 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average is $44.75 and its 200 day moving average is $50.21. Spirax-Sarco Engineering has a 1-year low of $40.94 and a 1-year high of $69.37.

Spirax-Sarco Engineering Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, October 18th were given a $0.2681 dividend. The ex-dividend date was Friday, October 18th.

Analysts Set New Price Targets

Separately, Barclays raised shares of Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th.

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.