Short Interest in The Weir Group PLC (OTCMKTS:WEGRY) Expands By 600.0%

The Weir Group PLC (OTCMKTS:WEGRY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 700 shares, a growth of 600.0% from the August 31st total of 100 shares. Based on an average trading volume of 8,600 shares, the days-to-cover ratio is currently 0.1 days.

The Weir Group Trading Up 0.2 %

Shares of The Weir Group stock opened at $14.57 on Friday. The company has a 50-day simple moving average of $13.04 and a two-hundred day simple moving average of $13.03. The Weir Group has a one year low of $9.90 and a one year high of $14.81.

The Weir Group Cuts Dividend

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

Analyst Upgrades and Downgrades

WEGRY has been the subject of several recent research reports. Royal Bank of Canada upgraded The Weir Group to a “moderate buy” rating in a report on Wednesday, July 31st. Barclays upgraded The Weir Group to a “strong-buy” rating in a report 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.