Short Interest in Weir Group (OTCMKTS:WEGRY) Increases By 7,896.8%

Weir Group (OTCMKTS:WEGRY) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 9,996 shares, an increase of 7,896.8% from the May 14th total of 125 shares. Based on an average trading volume of 71,644 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Weir Group Stock Down 1.2%

OTCMKTS:WEGRY opened at $16.05 on Wednesday. The company has a current ratio of 2.05, a quick ratio of 1.30 and a debt-to-equity ratio of 0.87. The company’s 50-day moving average is $18.51 and its two-hundred day moving average is $20.02. Weir Group has a 1-year low of $15.81 and a 1-year high of $24.85.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Weir Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently 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.