Short Interest in The Weir Group PLC (OTCMKTS:WEIGF) Rises By 60.1%

The Weir Group PLC (OTCMKTS:WEIGF) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 23,700 shares, agrowthof60.1% from the July 15th total of 14,800 shares. Based on an average daily trading volume, of 900 shares, the days-to-cover ratio is presently 26.3 days. Based on an average daily trading volume, of 900 shares, the days-to-cover ratio is presently 26.3 days.

The Weir Group Price Performance

Shares of WEIGF opened at $32.30 on Monday. The firm has a 50-day moving average price of $34.22 and a 200 day moving average price of $31.50. The Weir Group has a 12-month low of $24.37 and a 12-month high of $36.60.

The Weir Group Company Profile

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.