Short Interest in Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Decreases By 25.0%

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 9,000 shares, a decline of 25.0% from the November 15th total of 12,000 shares. Based on an average daily trading volume, of 67,600 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

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

Spirax-Sarco Engineering Stock Down 1.7 %

Spirax-Sarco Engineering stock traded down $0.83 during mid-day trading on Friday, hitting $47.04. The company’s stock had a trading volume of 7,391 shares, compared to its average volume of 27,035. Spirax-Sarco Engineering has a 1 year low of $40.94 and a 1 year high of $69.37. The stock’s fifty day moving average is $44.75 and its two-hundred day moving average is $50.21. The company has a current ratio of 2.25, a quick ratio of 1.61 and a debt-to-equity ratio of 0.76.

Spirax-Sarco Engineering Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, December 2nd. Investors of record on Friday, October 18th were issued a $0.2681 dividend. The ex-dividend date of this dividend was Friday, October 18th.

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.