Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Short Interest Update

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

Spirax-Sarco Engineering Trading Down 2.7 %

SPXSY stock traded down $1.27 during midday trading on Friday, reaching $45.77. The stock had a trading volume of 4,305 shares, compared to its average volume of 23,942. Spirax-Sarco Engineering has a twelve month low of $40.94 and a twelve month high of $69.37. The business has a fifty day simple moving average of $44.72 and a two-hundred day simple moving average of $50.06. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.25 and a quick ratio of 1.61.

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 was Friday, October 18th.

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.

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.