Spirax Group PLC (OTCMKTS:SPXSY) Short Interest Update

Spirax Group PLC (OTCMKTS:SPXSY - Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 4,300 shares, a drop of 36.8% from the May 15th total of 6,800 shares. Based on an average trading volume of 50,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company's shares are short sold.

Spirax Group Price Performance

SPXSY stock traded down $0.33 during midday trading on Thursday, reaching $39.41. 14,230 shares of the company's stock traded hands, compared to its average volume of 18,153. The business has a 50-day moving average price of $39.88 and a two-hundred day moving average price of $43.19. Spirax Group has a fifty-two week low of $34.93 and a fifty-two week high of $58.22. The company has a current ratio of 1.85, a quick ratio of 1.38 and a debt-to-equity ratio of 0.58.

Spirax Group Increases Dividend

The business also recently declared a dividend, which was paid on Monday, June 9th. Investors of record on Friday, April 25th were issued a $0.7609 dividend. This is an increase from Spirax Group's previous dividend of $0.27. The ex-dividend date was Friday, April 25th.

Wall Street Analyst Weigh In

Separately, Hsbc Global Res downgraded Spirax Group from a "strong-buy" rating to a "hold" rating in a report 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.