Short Interest in Spirax Group PLC (OTCMKTS:SPXSY) Decreases By 78.6%

Key Points

• Short interest in Spirax Group PLC decreased significantly by 78.6% in July, falling to just 300 shares from 1,400.
• The current short-interest ratio is now 0.0 days, indicating that 0.0% of the shares are sold short.
• Analysts from Hsbc Global Res have downgraded Spirax Group from a "strong-buy" rating to a "hold" rating.

Spirax Group PLC (OTCMKTS:SPXSY - Get Free Report) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 300 shares, adecreaseof78.6% from the July 15th total of 1,400 shares. Based on an average daily volume of 24,000 shares, the short-interest ratio is presently 0.0 days. Currently,0.0% of the shares of the stock are sold short. Currently,0.0% of the shares of the stock are sold short. Based on an average daily volume of 24,000 shares, the short-interest ratio is presently 0.0 days.

Spirax Group Price Performance

Shares of SPXSY opened at $47.84 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.85 and a quick ratio of 1.38. Spirax Group has a one year low of $34.93 and a one year high of $51.38. The business's 50 day simple moving average is $41.57 and its 200-day simple moving average is $42.45.

Analysts Set New Price Targets

Separately, Hsbc Global Res lowered Spirax Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 17th.

Spirax Group 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.

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