The Weir Group PLC (OTCMKTS:WEGRY – Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 900 shares, an increase of 125.0% from the March 31st total of 400 shares. Based on an average daily volume of 5,700 shares, the days-to-cover ratio is currently 0.2 days.
The Weir Group Price Performance
WEGRY opened at $12.68 on Friday. The business has a fifty day simple moving average of $12.42 and a 200-day simple moving average of $11.72. The Weir Group has a fifty-two week low of $9.90 and a fifty-two week high of $13.37.
The Weir Group Increases Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Friday, April 19th will be given a $0.1113 dividend. The ex-dividend date is Thursday, April 18th. This is a boost from The Weir Group’s previous dividend of $0.09.
About The Weir Group
The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets.
Further Reading
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