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

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 2,200 shares, a drop of 54.2% from the January 31st total of 4,800 shares. Based on an average daily volume of 46,700 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Barclays upgraded shares of Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th. Hsbc Global Res downgraded Spirax-Sarco Engineering from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th.

Spirax-Sarco Engineering Trading Down 0.6 %

Spirax-Sarco Engineering stock opened at $45.61 on Friday. Spirax-Sarco Engineering has a 52 week low of $39.28 and a 52 week high of $69.37. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.25 and a quick ratio of 1.61. The business’s fifty day moving average is $45.81 and its two-hundred day moving average is $46.32.

About Spirax-Sarco Engineering

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.