Short Interest in Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Decreases By 26.7%

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) was the recipient of a significant decrease in short interest during the month of 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 trading volume of 30,400 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

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 Down 0.1 %

Shares of OTCMKTS:SPXSY traded down $0.59 during mid-day trading on Monday, reaching $43.06. The stock had a trading volume of 14,314 shares, compared to its average volume of 12,711. The business’s 50 day moving average price is $44.38 and its 200 day moving average price is $49.06. Spirax-Sarco Engineering has a 1 year low of $40.94 and a 1 year high of $69.37. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.25 and a quick ratio of 1.61.

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.