Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Sees Significant Decrease in Short Interest

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

Analyst Upgrades and Downgrades

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

Spirax-Sarco Engineering Trading Down 2.7 %

Shares of SPXSY stock traded down $1.27 during trading hours on Friday, hitting $45.77. 4,305 shares of the company were exchanged, compared to its average volume of 12,806. The firm has a fifty day moving average of $44.72 and a 200 day moving average of $50.12. 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 has a 1 year low of $40.94 and a 1 year high of $69.37.

Spirax-Sarco Engineering Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, October 18th were paid a dividend of $0.2681 per share. The ex-dividend date of this dividend was Friday, October 18th.

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.