Spirax Group PLC (OTCMKTS:SPXSY) Sees Large Drop in Short Interest

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) was the target of a significant decrease in short interest during 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. Currently,0.0% of the shares of the company are sold short. Based on an average daily volume of 24,000 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 24,000 shares, the days-to-cover ratio is presently 0.0 days. Currently,0.0% of the shares of the company are sold short.

Spirax Group Trading Up 1.6%

OTCMKTS SPXSY traded up $0.75 during trading on Tuesday, hitting $48.64. 3,127 shares of the company's stock traded hands, compared to its average volume of 20,571. The business has a 50 day moving average of $41.89 and a 200-day moving average of $42.31. Spirax Group has a 12-month low of $34.93 and a 12-month high of $51.38. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.85 and a quick ratio of 1.38.

Wall Street Analysts Forecast Growth

Separately, Cfra Research raised shares of Spirax Group to a "moderate buy" rating in a report on Tuesday, August 12th.

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.