Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Sees Significant Decrease in Short Interest

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

Spirax-Sarco Engineering Stock Performance

OTCMKTS SPXSY traded down $0.47 on Friday, hitting $42.66. The company’s stock had a trading volume of 10,624 shares, compared to its average volume of 19,332. The company has a current ratio of 2.25, a quick ratio of 1.61 and a debt-to-equity ratio of 0.76. Spirax-Sarco Engineering has a 52-week low of $39.28 and a 52-week high of $61.67. The company’s 50-day simple moving average is $46.94 and its 200 day simple moving average is $45.79.

Spirax-Sarco Engineering Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 9th. Shareholders of record on Friday, April 25th will be given a dividend of $0.7609 per share. This is a boost from Spirax-Sarco Engineering’s previous dividend of $0.27. The ex-dividend date of this dividend is Friday, April 25th.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays upgraded Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th. Hsbc Global Res upgraded shares of Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research report 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.