Weir Group (OTCMKTS:WEGRY) Shares Shorted: Short Interest Up 134.8% in September

Weir Group (OTCMKTS:WEGRY) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 18,580 shares, an increase of 134.8% from the August 31st total of 7,914 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 171,758 shares, the days-to-cover ratio is presently 0.1 days.

Weir Group Trading Up 0.9%

OTCMKTS:WEGRY opened at $18.08 on Tuesday. Weir Group has a 52-week low of $15.38 and a 52-week high of $24.85. The stock has a fifty day moving average of $18.46 and a 200 day moving average of $18.12. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.05 and a quick ratio of 1.30.

Analyst Ratings Changes

A number of analysts recently issued reports on WEGRY shares. Citigroup reissued a “buy” rating on shares of Weir Group in a report on Thursday, July 30th. Jefferies Financial Group reiterated a “buy” rating on shares of Weir Group in a research report on Wednesday, August 19th. Finally, Kepler Capital Markets raised shares of Weir Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Weir Group currently has an average rating of “Moderate Buy”.

Weir Group Company Profile

Weir Group plc is a Glasgow, Scotland-based engineering company that supplies equipment, technology and services to the global mining industry. Its products are designed to support key stages of mineral processing, including crushing, grinding, classification, slurry handling, dewatering and tailings management.

The company operates primarily through its Weir Minerals and Weir ESCO businesses. Weir Minerals provides pumps, valves, crushers, screens, hydrocyclones, mill liners and other processing equipment, while Weir ESCO supplies ground-engaging tools and related products for surface mining and construction equipment.