Short Interest in Spirax Group PLC (OTCMKTS:SPXSY) Increases By 113.6%

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) saw 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. Based on an average daily volume of 12,200 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company's stock are sold short. Currently, 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 presently 0.4 days.

Wall Street Analysts Forecast Growth

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

Spirax Group Trading Down 1.5%

SPXSY stock opened at $47.14 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.85 and a debt-to-equity ratio of 0.58. Spirax Group has a twelve month low of $34.93 and a twelve month high of $51.38. The stock has a 50-day simple moving average of $44.80 and a two-hundred day simple moving average of $42.36.

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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