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

Key Points

• Spirax Group PLC experienced a significant increase in short interest by 113.6% in August, rising from 2,200 shares to 4,700 shares.
• Cfra Research upgraded Spirax Group to a "moderate buy" rating, contributing to a consensus rating of "Buy" from analysts.
• The company's stock opened at $47.14 with a current ratio of 1.85 and a debt-to-equity ratio of 0.58.

Spirax Group PLC (OTCMKTS:SPXSY - Get Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 4,700 shares, an increase of 113.6% from the August 15th total of 2,200 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 12,200 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 12,200 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company's stock are sold short.

Analyst Ratings Changes

Separately, Cfra Research upgraded Spirax Group to a "moderate buy" rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Spirax Group presently has a consensus rating of "Buy".

Spirax Group Stock Down 1.0%

SPXSY stock traded down $0.46 during trading on Friday, reaching $47.61. The stock had a trading volume of 580 shares, compared to its average volume of 18,786. Spirax Group has a one year low of $34.93 and a one year high of $51.38. The company has a current ratio of 1.85, a quick ratio of 1.38 and a debt-to-equity ratio of 0.58. The company's 50 day moving average is $45.18 and its two-hundred day moving average is $42.43.

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.