Short Interest in The Weir Group PLC (OTCMKTS:WEIGF) Grows By 36.5%

The Weir Group PLC (OTCMKTS:WEIGF) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 98,000 shares, an increase of 36.5% from the August 15th total of 71,800 shares. Based on an average daily volume of 1,100 shares, the short-interest ratio is presently 89.1 days.

The Weir Group Trading Up 7.4 %

OTCMKTS WEIGF opened at $27.30 on Friday. The company has a 50 day moving average of $25.02 and a 200-day moving average of $25.16. The Weir Group has a 1-year low of $20.24 and a 1-year high of $27.30.

About The 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.