Weir Group (OTCMKTS:WEGRY) Short Interest Update

Weir Group (OTCMKTS:WEGRY) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 800 shares, a decrease of 27.3% from the June 30th total of 1,100 shares. Based on an average daily volume of 14,800 shares, the short-interest ratio is presently 0.1 days.

Weir Group Stock Performance

OTCMKTS:WEGRY opened at $17.60 on Thursday. The company has a quick ratio of 1.54, a current ratio of 2.32 and a debt-to-equity ratio of 0.56. Weir Group has a fifty-two week low of $11.80 and a fifty-two week high of $18.10. The stock’s 50-day moving average is $16.98 and its two-hundred day moving average is $15.62.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WEGRY. Citigroup raised Weir Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 7th. UBS Group raised Weir Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Weir Group in a report on Wednesday, June 11th. Finally, Kepler Capital Markets upgraded Weir Group from a “hold” rating to a “strong-buy” rating in a report on Friday, May 30th. One research analyst has rated the stock with a hold rating, one has assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Strong Buy”.

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.