Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Short Interest Down 54.2% in February

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 2,200 shares, a decline of 54.2% from the January 31st total of 4,800 shares. Based on an average daily trading volume, of 46,700 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Hsbc Global Res cut Spirax-Sarco Engineering from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Barclays raised Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th.

Spirax-Sarco Engineering Stock Performance

OTCMKTS SPXSY opened at $45.61 on Friday. Spirax-Sarco Engineering has a twelve month low of $39.28 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 $45.81 and a 200 day moving average of $46.34.

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.