Spirax-Sarco Engineering plc (OTCMKTS:SPXSF) Sees Significant Decline in Short Interest

Spirax-Sarco Engineering plc (OTCMKTS:SPXSF) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 88,300 shares, a decline of 14.2% from the April 30th total of 102,900 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 500 shares, the short-interest ratio is presently 176.6 days.

Spirax-Sarco Engineering Stock Performance

Shares of OTCMKTS:SPXSF opened at $77.41 on Friday. The business’s 50 day simple moving average is $77.46 and its 200 day simple moving average is $85.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.25 and a quick ratio of 1.61. Spirax-Sarco Engineering has a 1 year low of $69.19 and a 1 year high of $112.15.

Spirax-Sarco Engineering Company Profile

Spirax Group PLC provides thermal energy and 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, specialty filling systems, and products for single-use applications.