Short Interest in Spirax Group PLC (OTCMKTS:SPXSY) Grows By 633.3%

Key Points

• Spirax Group PLC experienced a significant increase in short interest in August, rising by 633.3% from July, totaling 2,200 shares.
• Cfra Research upgraded Spirax Group to a "moderate buy" rating, contributing to an overall average rating of "Buy" from analysts.
• The stock price of Spirax Group declined by 5.2% recently, trading at $47.32, with a 52-week range of $34.93 to $51.38.

Spirax Group PLC (OTCMKTS:SPXSY - Get Free Report) was the target of a large growth in short interest in August. As of August 15th, there was short interest totaling 2,200 shares, agrowthof633.3% from the July 31st total of 300 shares. Based on an average daily volume of 37,400 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 37,400 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Cfra Research raised Spirax Group to a "moderate buy" rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Spirax Group presently has an average rating of "Buy".

Spirax Group Stock Performance

Shares of OTCMKTS:SPXSY traded up $0.42 during trading on Friday, hitting $48.35. 4,907 shares of the company were exchanged, compared to its average volume of 11,785. The stock has a 50 day moving average of $44.22 and a 200 day moving average of $42.34. Spirax Group has a 52-week low of $34.93 and a 52-week 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.

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.