Short Interest in Spirax Group PLC (OTCMKTS:SPXSY) Rises By 58.4%

Spirax Group PLC (OTCMKTS:SPXSY) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 12,839 shares, a growth of 58.4% from the November 30th total of 8,107 shares. Based on an average daily trading volume, of 9,731 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 9,731 shares, the days-to-cover ratio is presently 1.3 days.

Wall Street Analyst Weigh In

Separately, UBS Group raised Spirax Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Spirax Group currently has an average rating of “Buy”.

Spirax Group Trading Up 0.0%

Shares of Spirax Group stock opened at $45.86 on Tuesday. The company’s fifty day simple moving average is $45.68 and its two-hundred day simple moving average is $45.04. Spirax Group has a 12-month low of $34.93 and a 12-month high of $51.38. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.77 and a quick ratio of 1.31.

About Spirax Group

Spirax Group is a UK-based engineering company specializing in steam and thermal energy solutions. Founded in 1888 and headquartered in Cheltenham, England, the group combines product design, system integration and aftermarket services to help industrial customers improve efficiency, safety and environmental performance.

The company’s core offerings include steam traps, control valves, heat exchangers, pumps, burners and packaged boiler house solutions. In addition to equipment supply, Spirax Group provides commissioning, maintenance, troubleshooting and training services that support continuous operation and energy management across complex steam and thermal systems.

Spirax Group operates through two principal business segments: Steam Specialties, which focuses on pressure and temperature control, and Electrical & Mechanical, which provides pumps, heat exchangers and associated services.