Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Short Interest Down 25.0% in November

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

Wall Street Analyst Weigh In

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

Spirax-Sarco Engineering Stock Performance

Shares of OTCMKTS:SPXSY traded down $1.27 on Friday, hitting $45.77. 4,305 shares of the company’s stock were exchanged, compared to its average volume of 12,806. Spirax-Sarco Engineering has a 1-year low of $40.94 and a 1-year high of $69.37. 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 firm’s 50-day moving average is $44.72 and its 200 day moving average is $50.12.

Spirax-Sarco Engineering Cuts Dividend

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

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.