The Weir Group PLC (OTCMKTS:WEIGF) Sees Large Decline in Short Interest

The Weir Group PLC (OTCMKTS:WEIGF) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 74,300 shares, a decline of 16.6% from the March 31st total of 89,100 shares. Based on an average daily trading volume, of 4,000 shares, the short-interest ratio is presently 18.6 days.

The Weir Group Stock Performance

WEIGF stock opened at $24.47 on Friday. The business’s 50-day moving average is $24.39 and its 200 day moving average is $23.13. The Weir Group has a 12-month low of $20.24 and a 12-month high of $26.07.

About The Weir Group

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets.