Spirax-Sarco Engineering plc (OTCMKTS:SPXSY – Get Free Report) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 300 shares, a decline of 86.4% from the February 13th total of 2,200 shares. Based on an average daily volume of 6,700 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the company. Barclays upgraded Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th. Hsbc Global Res cut Spirax-Sarco Engineering from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th.
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Spirax-Sarco Engineering Stock Performance
Spirax-Sarco Engineering Company Profile
Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow 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, and specialty filling systems and products for single-use applications.
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