Spirax-Sarco Engineering plc (OTCMKTS:SPXSF) Sees Significant Decrease in Short Interest

Spirax-Sarco Engineering plc (OTCMKTS:SPXSF - Get Free Report) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 28,800 shares, a decrease of 16.8% from the December 15th total of 34,600 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is presently 57.6 days.

Spirax-Sarco Engineering Stock Performance

SPXSF stock remained flat at $84.36 during mid-day trading on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.25 and a quick ratio of 1.61. Spirax-Sarco Engineering has a 52 week low of $80.31 and a 52 week high of $138.80. The firm's fifty day simple moving average is $85.82 and its 200 day simple moving average is $94.07.

Spirax-Sarco Engineering Company Profile

Spirax Group PLC provides thermal energy and 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, specialty filling systems, and products for single-use applications.