Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Short Interest Down 86.4% in February

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 300 shares, a decrease of 86.4% from the February 13th total of 2,200 shares. Based on an average daily trading volume, of 6,700 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Hsbc Global Res lowered Spirax-Sarco Engineering from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Barclays upgraded Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th.

Spirax-Sarco Engineering Trading Up 5.2 %

Shares of OTCMKTS SPXSY traded up $2.28 during midday trading on Wednesday, hitting $46.20. The company’s stock had a trading volume of 11,617 shares, compared to its average volume of 17,407. 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 $39.28 and a 1-year high of $68.47. The firm’s fifty day moving average price is $46.19 and its 200-day moving average price is $46.16.

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.