Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Short Interest Update

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY - Get Free Report) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,800 shares, a growth of 1,700.0% from the March 31st total of 100 shares. Approximately 0.0% of the company's shares are sold short. Based on an average trading volume of 75,600 shares, the short-interest ratio is currently 0.0 days.

Spirax-Sarco Engineering Price Performance

Shares of SPXSY traded up $0.38 during mid-day trading on Thursday, reaching $39.39. The company had a trading volume of 30,902 shares, compared to its average volume of 24,135. Spirax-Sarco Engineering has a fifty-two week low of $34.93 and a fifty-two week high of $59.34. The firm has a fifty day simple moving average of $41.93 and a 200-day simple moving average of $44.01. The company has a quick ratio of 1.61, a current ratio of 2.25 and a debt-to-equity ratio of 0.76.

Spirax-Sarco Engineering Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, June 9th. Shareholders of record on Friday, April 25th will be given a dividend of $0.7609 per share. The ex-dividend date is Friday, April 25th. This is an increase from Spirax-Sarco Engineering's previous dividend of $0.27.

Analyst Upgrades and Downgrades

Separately, Hsbc Global Res lowered Spirax-Sarco Engineering from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 17th.

About Spirax-Sarco Engineering

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.