Short Interest in SPX Technologies, Inc. (NYSE:SPXC) Increases By 23.9%

01 Jan 2026, 13:14 by Doug Wharley · The Cerbat Gem

SPX Technologies, Inc. (NYSE:SPXC – Get Free Report) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 1,315,681 shares, an increase of 23.9% from the November 30th total of 1,061,516 shares. Based on an average daily volume of 390,674 shares, the days-to-cover ratio is presently 3.4 days. Currently, 2.7% of the shares of the company are sold short. Currently, 2.7% of the shares of the company are sold short. Based on an average daily volume of 390,674 shares, the days-to-cover ratio is presently 3.4 days.

Analysts Set New Price Targets

SPXC has been the subject of several research analyst reports. B. Riley reiterated a “buy” rating and issued a $244.00 price objective (up previously from $225.00) on shares of SPX Technologies in a research report on Wednesday, December 10th. Bank of America assumed coverage on shares of SPX Technologies in a research note on Wednesday, October 8th. They issued a “neutral” rating and a $202.00 target price for the company. TD Cowen began coverage on shares of SPX Technologies in a research report on Monday, November 10th. They set a “hold” rating and a $225.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of SPX Technologies in a report on Monday. Finally, Wells Fargo & Company assumed coverage on SPX Technologies in a report on Tuesday, October 14th. They set an “overweight” rating and a $205.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.14.

Check Out Our Latest Research Report on SPXC

SPX Technologies Trading Down 1.6%

Shares of NYSE SPXC traded down $3.33 during midday trading on Thursday, reaching $200.18. 247,007 shares of the stock were exchanged, compared to its average volume of 772,921. SPX Technologies has a 12 month low of $115.00 and a 12 month high of $233.71. The company has a market capitalization of $9.98 billion, a price-to-earnings ratio of 42.87, a P/E/G ratio of 1.91 and a beta of 1.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.47 and a quick ratio of 1.70. The business has a 50-day simple moving average of $210.15 and a two-hundred day simple moving average of $191.92.

SPX Technologies (NYSE:SPXC – Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.60 by $0.24. SPX Technologies had a return on equity of 18.68% and a net margin of 10.33%.The business had revenue of $592.80 million for the quarter, compared to the consensus estimate of $574.32 million. During the same quarter last year, the business posted $1.39 EPS. The firm’s revenue was up 22.6% compared to the same quarter last year. SPX Technologies has set its FY 2025 guidance at 6.650-6.800 EPS. As a group, equities research analysts expect that SPX Technologies will post 5.57 EPS for the current year.

Insider Buying and Selling

In other SPX Technologies news, insider John William Swann III sold 38,755 shares of SPX Technologies stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $206.07, for a total value of $7,986,242.85. Following the transaction, the insider directly owned 64,266 shares of the company’s stock, valued at $13,243,294.62. The trade was a 37.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider J Randall Data sold 12,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $215.37, for a total transaction of $2,584,440.00. Following the completion of the sale, the insider owned 38,020 shares in the company, valued at $8,188,367.40. This represents a 23.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 3.32% of the company’s stock.

Institutional Trading of SPX Technologies

Several hedge funds have recently bought and sold shares of SPXC. Kennedy Capital Management LLC raised its stake in shares of SPX Technologies by 271.0% in the 2nd quarter. Kennedy Capital Management LLC now owns 70,191 shares of the company’s stock valued at $11,770,000 after purchasing an additional 51,273 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of SPX Technologies by 37.5% during the third quarter. Assenagon Asset Management S.A. now owns 231,673 shares of the company’s stock worth $43,272,000 after buying an additional 63,174 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in SPX Technologies in the 2nd quarter valued at approximately $218,000. Coldstream Capital Management Inc. lifted its stake in SPX Technologies by 60.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 3,138 shares of the company’s stock valued at $526,000 after acquiring an additional 1,179 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in SPX Technologies by 43.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 16,766 shares of the company’s stock valued at $2,811,000 after acquiring an additional 5,072 shares in the last quarter. 92.82% of the stock is currently owned by institutional investors and hedge funds.

SPX Technologies Company Profile

(Get Free Report)

SPX Technologies (NYSE:SPXC) is a diversified global supplier of highly engineered products and solutions serving industrial, municipal, energy and utility markets. The company designs, manufactures and supports a broad range of equipment that helps customers monitor, control and manage critical processes in water distribution, power generation, HVAC, refrigeration and industrial applications.