The Weir Group PLC (OTCMKTS:WEGRY) Short Interest Update

The Weir Group PLC (OTCMKTS:WEGRY) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,400 shares, an increase of 1,300.0% from the October 31st total of 100 shares. Based on an average daily volume of 6,900 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

A number of brokerages recently commented on WEGRY. Royal Bank of Canada upgraded shares of The Weir Group to a “moderate buy” rating in a report on Wednesday, July 31st. Barclays upgraded The Weir Group to a “strong-buy” rating in a research report on Wednesday, July 31st.

The Weir Group Stock Performance

Shares of WEGRY stock remained flat at $13.61 during mid-day trading on Thursday. 163 shares of the stock were exchanged, compared to its average volume of 3,646. The Weir Group has a twelve month low of $11.06 and a twelve month high of $14.81. The company has a fifty day moving average price of $13.94 and a 200 day moving average price of $13.38.

The Weir Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, October 4th were given a dividend of $0.095 per share. The ex-dividend date was Friday, October 4th.

The Weir Group Company Profile

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.