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

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 6,600 shares, a drop of 26.7% from the November 30th total of 9,000 shares. Based on an average daily volume of 30,400 shares, the short-interest ratio is presently 0.2 days.

Spirax-Sarco Engineering Stock Performance

Shares of OTCMKTS:SPXSY traded down $0.17 during trading on Friday, hitting $43.48. 3,641 shares of the company were exchanged, compared to its average volume of 12,698. The company has a quick ratio of 1.61, a current ratio of 2.25 and a debt-to-equity ratio of 0.76. Spirax-Sarco Engineering has a fifty-two week low of $40.94 and a fifty-two week high of $69.37. The firm has a fifty day moving average price of $44.38 and a two-hundred day moving average price of $49.16.

Analyst Ratings Changes

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

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.