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

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) was the target of a large decline in short interest in January. As of January 15th, there was short interest totalling 3,000 shares, a decline of 59.5% from the December 31st total of 7,400 shares. Based on an average daily trading volume, of 65,300 shares, the short-interest ratio is presently 0.0 days.

Spirax-Sarco Engineering Stock Up 0.7 %

Spirax-Sarco Engineering stock traded up $0.36 during midday trading on Thursday, reaching $49.84. The stock had a trading volume of 22,944 shares, compared to its average volume of 19,175. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.61 and a current ratio of 2.25. The company has a fifty day moving average price of $44.65 and a two-hundred day moving average price of $47.34. Spirax-Sarco Engineering has a 12 month low of $39.28 and a 12 month high of $69.37.

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 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.