Spirax Group PLC (OTCMKTS:SPXSY) Short Interest Update

Spirax Group PLC (OTCMKTS:SPXSY) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 6,600 shares, a growth of 175.0% from the September 30th total of 2,400 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 6,800 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 6,800 shares, the short-interest ratio is currently 1.0 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

SPXSY has been the subject of a number of research reports. UBS Group upgraded Spirax Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Cfra Research upgraded Spirax Group to a “moderate buy” rating in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.

Spirax Group Stock Performance

Spirax Group stock opened at $46.90 on Friday. The business has a fifty day moving average of $47.32 and a two-hundred day moving average of $43.42. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.31 and a current ratio of 1.77. Spirax Group has a twelve month low of $34.93 and a twelve month high of $51.38.

Spirax Group Company Profile

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow 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, and specialty filling systems and products for single-use applications.