Short Interest in The Weir Group PLC (OTCMKTS:WEIGF) Rises By 49.1%

The Weir Group PLC (OTCMKTS:WEIGF) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 82,000 shares, an increase of 49.1% from the January 31st total of 55,000 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 820.0 days.

The Weir Group Stock Performance

The Weir Group stock opened at $28.97 on Wednesday. The firm has a 50 day simple moving average of $28.46 and a 200 day simple moving average of $27.79. The Weir Group has a 1-year low of $23.62 and a 1-year high of $29.66.

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.