Short Interest in Weir Group (OTCMKTS:WEGRY) Decreases By 79.4%

Weir Group (OTCMKTS:WEGRY) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 2,600 shares, a decrease of 79.4% from the September 30th total of 12,600 shares. Based on an average trading volume of 102,200 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 102,200 shares, the days-to-cover ratio is currently 0.0 days.

Weir Group Trading Up 1.2%

WEGRY stock opened at $20.02 on Tuesday. The company has a current ratio of 2.09, a quick ratio of 1.32 and a debt-to-equity ratio of 0.86. Weir Group has a 12 month low of $12.45 and a 12 month high of $20.21. The firm has a 50-day moving average of $18.15 and a two-hundred day moving average of $17.03.

Weir Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Kepler Capital Markets lowered shares of Weir Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 4th. Citigroup raised shares of Weir Group from a “hold” rating to a “strong-buy” rating in a research note 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, Weir Group presently has a consensus rating of “Buy”.

About 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.