Spirax Group PLC (OTCMKTS:SPXSY) Sees Significant Growth in Short Interest

Spirax Group PLC (OTCMKTS:SPXSY) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 19,683 shares, a growth of 229.9% from the August 31st total of 5,966 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 26,769 shares, the days-to-cover ratio is presently 0.7 days.

Spirax Group Trading Up 1.2%

Spirax Group stock opened at $47.68 on Friday. The company’s fifty day moving average price is $48.09 and its 200 day moving average price is $47.35. Spirax Group has a 1 year low of $42.56 and a 1 year high of $54.08. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.85 and a quick ratio of 1.41.

About Spirax Group

Spirax Group is a United Kingdom-based industrial engineering company that provides thermal energy and fluid technology solutions to industrial and commercial customers. The group helps organizations manage steam, heat, and other industrial processes with equipment and services designed to improve efficiency, reliability, safety, and sustainability.

Its Steam Thermal Solutions business operates through brands including Spirax Sarco and Gestra, offering steam system products such as control valves, heat exchangers, pumps, boilers, condensate recovery equipment, and process controls.