Short Interest in The Weir Group PLC (OTCMKTS:WEIGF) Drops By 73.0%

The Weir Group PLC (OTCMKTS:WEIGF) was the recipient of a large drop in short interest in the month of August. As of August 15th, there was short interest totaling 6,400 shares, adropof73.0% from the July 31st total of 23,700 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 64.0 days. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 64.0 days.

The Weir Group Trading Up 0.5%

Shares of WEIGF opened at $32.96 on Friday. The Weir Group has a one year low of $25.54 and a one year high of $36.60. The company’s fifty day moving average price is $33.79 and its 200 day moving average price is $31.76.

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.