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

Spirax-Sarco Engineering logo with Construction background

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY - Get Free Report) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 6,600 shares, a decrease of 26.7% from the November 30th total of 9,000 shares. Based on an average daily trading volume, of 30,400 shares, the days-to-cover ratio is presently 0.2 days.

Spirax-Sarco Engineering Stock Performance

Shares of Spirax-Sarco Engineering stock traded down $0.17 on Friday, hitting $43.48. The company had a trading volume of 3,641 shares, compared to its average volume of 12,698. Spirax-Sarco Engineering has a twelve month low of $40.94 and a twelve month high of $69.37. The company has a quick ratio of 1.61, a current ratio of 2.25 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average of $44.38 and a 200-day moving average of $49.11.

Analysts Set New Price Targets

Separately, Barclays upgraded Spirax-Sarco Engineering from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 4th.

Get Our Latest Report on SPXSY

About Spirax-Sarco Engineering

(Get Free Report)

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.

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