Short Interest in Weir Group (OTCMKTS:WEGRY) Declines By 99.1%

Weir Group (OTCMKTS:WEGRY) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 125 shares, a drop of 99.1% from the April 30th total of 14,669 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 60,505 shares, the days-to-cover ratio is currently 0.0 days.

Weir Group Stock Performance

OTCMKTS WEGRY traded up $0.18 during midday trading on Wednesday, hitting $16.91. The company had a trading volume of 34,956 shares, compared to its average volume of 27,784. The firm has a fifty day simple moving average of $18.96 and a two-hundred day simple moving average of $20.18. Weir Group has a fifty-two week low of $16.01 and a fifty-two week high of $24.85. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.30 and a current ratio of 2.05.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Weir Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Citigroup reiterated a “buy” rating on shares of Weir Group in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Weir Group Company Profile

Weir Group PLC is a Glasgow?based engineering firm specializing in the design, manufacture and aftermarket servicing of equipment for the minerals, oil & gas and power industries. Founded in 1871, the company has built a reputation for delivering robust solutions that improve safety, efficiency and sustainability across challenging industrial environments. Its core focus lies in high?performance equipment that supports critical processes such as ore extraction, fluid handling and pressure management.

The company’s Minerals division supplies a comprehensive range of products including slurry pumps, hydrocyclones, crushers and grinding mills, which are widely used in mining and quarrying operations.