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

The Weir Group PLC (OTCMKTS:WEGRY) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,400 shares, an increase of 1,300.0% from the October 31st total of 100 shares. Based on an average daily trading volume, of 6,900 shares, the short-interest ratio is currently 0.2 days.

The Weir Group Price Performance

WEGRY stock traded down $0.33 during trading on Wednesday, hitting $13.61. The company had a trading volume of 2,951 shares, compared to its average volume of 3,550. The company has a fifty day moving average price of $13.94 and a two-hundred day moving average price of $13.38. The Weir Group has a fifty-two week low of $11.06 and a fifty-two week high of $14.81.

The Weir Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, October 4th were given a $0.095 dividend. The ex-dividend date was Friday, October 4th.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WEGRY. Royal Bank of Canada raised The Weir Group to a “moderate buy” rating in a report on Wednesday, July 31st. Barclays raised The Weir Group to a “strong-buy” rating in a research note on Wednesday, July 31st.

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.