The Weir Group PLC (OTCMKTS:WEGRY - Get Free Report) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 100 shares, a decrease of 83.3% from the September 30th total of 600 shares. Based on an average trading volume of 35,100 shares, the short-interest ratio is currently 0.0 days.
The Weir Group Trading Down 1.6 %
Shares of The Weir Group stock traded down $0.22 during trading on Friday, reaching $13.48. The company's stock had a trading volume of 357 shares, compared to its average volume of 8,441. The business's fifty day moving average price is $13.72 and its 200-day moving average price is $13.23. The Weir Group has a one year low of $9.90 and a one year high of $14.81.
The Weir Group Cuts Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, October 4th will be issued a dividend of $0.095 per share. The ex-dividend date is Friday, October 4th.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Barclays upgraded The Weir Group to a "strong-buy" rating in a report on Wednesday, July 31st. Royal Bank of Canada upgraded shares of The Weir Group to a "moderate buy" rating in a research note on Wednesday, July 31st.
Check Out Our Latest Stock Report on WEGRY
The Weir Group Company Profile
(
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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.
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