Short Interest in The Weir Group PLC (OTCMKTS:WEIGF) Declines By 17.6%

The Weir Group PLC (OTCMKTS:WEIGF) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 56,500 shares, a drop of 17.6% from the October 31st total of 68,600 shares. Based on an average trading volume of 800 shares, the short-interest ratio is currently 70.6 days.

The Weir Group Stock Performance

The Weir Group stock remained flat at $27.05 during midday trading on Friday. The company’s 50 day moving average is $28.35 and its two-hundred day moving average is $26.53. The Weir Group has a 52-week low of $22.01 and a 52-week high of $29.66.

The Weir Group Company Profile

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets.