Spectris plc (OTCMKTS:SEPJF) Sees Large Growth in Short Interest

Spectris plc (OTCMKTS:SEPJFGet Rating) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 600 shares, a growth of 200.0% from the March 31st total of 200 shares. Based on an average daily volume of 900 shares, the short-interest ratio is currently 0.7 days.

A number of brokerages have recently weighed in on SEPJF. Peel Hunt upgraded Spectris to a “buy” rating in a research note on Tuesday, February 22nd. JPMorgan Chase & Co. cut their target price on Spectris from GBX 4,000 ($50.98) to GBX 3,500 ($44.61) in a research note on Tuesday. Berenberg Bank cut their target price on Spectris from GBX 4,380 ($55.82) to GBX 3,835 ($48.88) in a research note on Friday, April 22nd. Finally, Morgan Stanley cut their target price on Spectris from GBX 3,150 ($40.15) to GBX 3,000 ($38.24) in a research note on Friday, February 25th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Spectris has a consensus rating of “Hold” and a consensus price target of $3,445.00.

Spectris stock opened at $33.79 on Thursday. Spectris has a 12 month low of $31.48 and a 12 month high of $55.28. The business’s 50 day simple moving average is $35.10 and its 200 day simple moving average is $43.18.

Spectris Company Profile (Get Rating)

Spectris plc manufactures and sells measuring instruments and controls worldwide. It operates through Malvern Panalytical, HBK, Omega and Industrial Solutions segments. The Malvern Panalytical segment provides measurement and materials characterization and efficiency in R&D and manufacturing sectors.

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