Short Interest in Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Rises By 1,700.0%

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY - Get Free Report) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 1,800 shares, an increase of 1,700.0% from the March 31st total of 100 shares. Based on an average daily trading volume, of 75,600 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Spirax-Sarco Engineering Price Performance

OTCMKTS:SPXSY traded up $0.04 during trading hours on Wednesday, reaching $39.01. 17,883 shares of the company traded hands, compared to its average volume of 24,106. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.25 and a quick ratio of 1.61. The firm's 50-day moving average is $42.10 and its 200-day moving average is $44.04. Spirax-Sarco Engineering has a 1-year low of $34.93 and a 1-year high of $59.34.

Spirax-Sarco Engineering Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 9th. Investors of record on Friday, April 25th will be paid a dividend of $0.7609 per share. The ex-dividend date of this dividend is Friday, April 25th. This is a positive change from Spirax-Sarco Engineering's previous dividend of $0.27.

Analysts Set New Price Targets

Separately, Hsbc Global Res downgraded shares of Spirax-Sarco Engineering from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 17th.

Spirax-Sarco Engineering 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.