Spirax-Sarco Engineering plc (OTCMKTS:SPXSF) Sees Large Drop in Short Interest

Spirax-Sarco Engineering plc (OTCMKTS:SPXSF) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 54,000 shares, a drop of 13.9% from the February 28th total of 62,700 shares. Based on an average trading volume of 600 shares, the short-interest ratio is presently 90.0 days. Approximately 0.1% of the shares of the stock are sold short.

Spirax-Sarco Engineering Price Performance

Shares of OTCMKTS SPXSF opened at $87.20 on Wednesday. The company has a current ratio of 2.25, a quick ratio of 1.61 and a debt-to-equity ratio of 0.76. The company has a 50-day simple moving average of $92.34 and a 200-day simple moving average of $90.12. Spirax-Sarco Engineering has a 12 month low of $80.31 and a 12 month high of $138.80.

Spirax-Sarco Engineering Company Profile

Spirax Group PLC provides thermal energy and 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, specialty filling systems, and products for single-use applications.