Short Interest in Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Drops By 26.7%

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 6,600 shares, a drop of 26.7% from the November 30th total of 9,000 shares. Based on an average daily trading volume, of 30,400 shares, the short-interest ratio is currently 0.2 days.

Spirax-Sarco Engineering Stock Down 0.4 %

OTCMKTS SPXSY opened at $43.48 on Friday. Spirax-Sarco Engineering has a 52-week low of $40.94 and a 52-week high of $69.37. The company has a fifty day moving average of $44.38 and a 200-day moving average of $49.11. The company has a quick ratio of 1.61, a current ratio of 2.25 and a debt-to-equity ratio of 0.76.

Analysts Set New Price Targets

Separately, Barclays upgraded shares of Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th.

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.