The Weir Group PLC (OTCMKTS:WEGRY) Sees Significant Decrease in Short Interest

The Weir Group PLC (OTCMKTS:WEGRY) saw a large decline in short interest in October. As of October 15th, there was short interest totalling 100 shares, a decline of 83.3% from the September 30th total of 600 shares. Based on an average daily trading volume, of 35,100 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WEGRY shares. Barclays upgraded shares of The Weir Group to a “strong-buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada upgraded shares of The Weir Group to a “moderate buy” rating in a report on Wednesday, July 31st.

The Weir Group Trading Down 1.6 %

Shares of OTCMKTS WEGRY opened at $13.48 on Friday. The firm’s fifty day moving average is $13.72 and its two-hundred day moving average is $13.23. The Weir Group has a 52-week low of $9.90 and a 52-week high of $14.81.

The Weir Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, October 4th will be issued a $0.095 dividend. The ex-dividend date is Friday, October 4th.

About The Weir Group

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets.