Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Short Interest Down 66.7% in March

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY - Get Free Report) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 66.7% from the February 28th total of 300 shares. Based on an average trading volume of 16,500 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Spirax-Sarco Engineering Trading Down 2.2 %

Shares of SPXSY traded down $0.95 during mid-day trading on Monday, hitting $41.71. 9,662 shares of the company were exchanged, compared to its average volume of 19,104. Spirax-Sarco Engineering has a 1-year low of $39.28 and a 1-year high of $61.67. The company has a 50 day moving average of $46.89 and a 200-day moving average of $45.68. The company has a quick ratio of 1.61, a current ratio of 2.25 and a debt-to-equity ratio of 0.76.

Spirax-Sarco Engineering Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 9th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.7609 per share. The ex-dividend date is Friday, April 25th. This is a boost from Spirax-Sarco Engineering's previous dividend of $0.27.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SPXSY shares. Barclays raised Spirax-Sarco Engineering from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 4th. Hsbc Global Res upgraded shares of Spirax-Sarco Engineering from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 13th.

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Spirax-Sarco Engineering Company Profile

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.