Weir Group (OTCMKTS:WEGRY) Short Interest Update

Weir Group (OTCMKTS:WEGRY) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 800 shares, an increase of 100.0% from the August 31st total of 400 shares. Based on an average daily trading volume, of 3,700 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 3,700 shares, the days-to-cover ratio is currently 0.2 days.

Weir Group Price Performance

Shares of OTCMKTS:WEGRY opened at $19.54 on Friday. Weir Group has a 1-year low of $12.45 and a 1-year high of $19.90. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.09 and a quick ratio of 1.32. The business has a 50-day moving average price of $17.35 and a two-hundred day moving average price of $16.45.

Weir Group Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, November 7th. Stockholders of record on Monday, October 6th will be issued a dividend of $0.1096 per share. This represents a dividend yield of 128.0%. The ex-dividend date is Friday, October 3rd.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WEGRY shares. Kepler Capital Markets cut shares of Weir Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Weir Group in a report on Wednesday, June 11th. Finally, Citigroup raised shares of Weir Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Weir Group presently has an average rating of “Buy”.

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.