Spirax Group PLC (OTCMKTS:SPXSY) Sees Large Increase in Short Interest

Spirax Group PLC (OTCMKTS:SPXSY) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 5,966 shares, an increase of 210.7% from the August 15th total of 1,920 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 7,164 shares, the days-to-cover ratio is currently 0.8 days.

Spirax Group Stock Performance

OTCMKTS SPXSY opened at $47.20 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.85 and a quick ratio of 1.41. The business’s 50 day moving average price is $47.50 and its 200-day moving average price is $47.63. Spirax Group has a fifty-two week low of $42.56 and a fifty-two week high of $54.08.

About Spirax Group

Spirax Group is a United Kingdom-based industrial engineering company that provides thermal energy and fluid technology solutions to industrial and commercial customers. The group helps organizations manage steam, heat, and other industrial processes with equipment and services designed to improve efficiency, reliability, safety, and sustainability.

Its Steam Thermal Solutions business operates through brands including Spirax Sarco and Gestra, offering steam system products such as control valves, heat exchangers, pumps, boilers, condensate recovery equipment, and process controls.