Weir Group (OTCMKTS:WEGRY) Short Interest Update

Weir Group (OTCMKTS:WEGRY) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 800 shares, an increase of 100.0% from the August 31st total of 400 shares. Based on an average daily trading volume, of 3,700 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 3,700 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WEGRY shares. Citigroup upgraded Weir Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 7th. Kepler Capital Markets lowered Weir Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Weir Group in a research note on Wednesday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Weir Group has an average rating of “Buy”.

Weir Group Stock Down 1.8%

WEGRY stock opened at $19.54 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 2.09. The business has a 50 day simple moving average of $17.35 and a 200-day simple moving average of $16.47. Weir Group has a 1 year low of $12.45 and a 1 year high of $19.90.

Weir Group Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, November 7th. Investors of record on Monday, October 6th will be given a $0.1096 dividend. This represents a yield of 128.0%. The ex-dividend date is Friday, October 3rd.

About 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.