The Weir Group PLC (OTCMKTS:WEGRY) Sees Large Increase in Short Interest

The Weir Group PLC (OTCMKTS:WEGRY) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 400 shares, an increase of 33.3% from the February 13th total of 300 shares. Based on an average trading volume of 24,100 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, BNP Paribas cut shares of The Weir Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th.

The Weir Group Trading Down 0.1 %

Shares of WEGRY opened at $15.28 on Tuesday. The company’s 50-day simple moving average is $14.65 and its 200-day simple moving average is $14.16. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.07 and a quick ratio of 1.39. The Weir Group has a 1 year low of $11.80 and a 1 year high of $16.21.

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.