Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Short Interest Down 66.7% in March

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 66.7% from the February 28th total of 300 shares. Based on an average daily trading volume, of 16,500 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Spirax-Sarco Engineering Price Performance

Shares of Spirax-Sarco Engineering stock traded down $0.95 during trading on Friday, reaching $41.71. The company’s stock had a trading volume of 9,662 shares, compared to its average volume of 19,104. The company has a current ratio of 2.25, a quick ratio of 1.61 and a debt-to-equity ratio of 0.76. The business’s 50-day moving average price is $46.89 and its 200-day moving average price is $45.73. Spirax-Sarco Engineering has a 52 week low of $39.28 and a 52 week high of $61.67.

Spirax-Sarco Engineering Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 9th. Shareholders of record on Friday, April 25th will be issued a $0.7609 dividend. The ex-dividend date is Friday, April 25th. This is an increase from Spirax-Sarco Engineering’s previous dividend of $0.27.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SPXSY shares. Barclays upgraded shares of Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th. Hsbc Global Res upgraded Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 13th.

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.