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

by · The Cerbat Gem

Spirax-Sarco Engineering plc (OTCMKTS:SPXSF – Get Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 33,000 shares, a decline of 42.6% from the September 30th total of 57,500 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is presently 165.0 days.

Spirax-Sarco Engineering Price Performance

Shares of OTCMKTS:SPXSF remained flat at $90.75 during midday trading on Friday. 124 shares of the stock were exchanged, compared to its average volume of 68. Spirax-Sarco Engineering has a one year low of $90.66 and a one year high of $138.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.61 and a current ratio of 2.25. The business has a 50 day moving average price of $95.92 and a 200 day moving average price of $106.13.

Spirax-Sarco Engineering Company Profile

(Get Free Report)

Spirax Group PLC provides thermal energy and 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, specialty filling systems, and products for single-use applications.

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