Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Sees Large Drop in Short Interest

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) was the target of a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 400 shares, a decline of 20.0% from the July 31st total of 500 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 0.4 days.

Spirax-Sarco Engineering Stock Performance

Spirax-Sarco Engineering stock opened at $50.88 on Friday. The business has a 50-day simple moving average of $53.36 and a two-hundred day simple moving average of $58.67. Spirax-Sarco Engineering has a 52-week low of $48.29 and a 52-week high of $69.37.

Spirax-Sarco Engineering 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.