The Weir Group PLC (OTCMKTS:WEGRY) Short Interest Down 83.3% in October

by · The Markets Daily

The Weir Group PLC (OTCMKTS:WEGRY – Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 100 shares, a drop of 83.3% from the September 30th total of 600 shares. Based on an average trading volume of 35,100 shares, the short-interest ratio is presently 0.0 days.

The Weir Group Price Performance

The Weir Group stock opened at $13.48 on Friday. The Weir Group has a 1-year low of $9.90 and a 1-year high of $14.81. The company’s 50-day moving average is $13.72 and its 200 day moving average is $13.23.

The Weir Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, November 6th. Investors of record on Friday, October 4th will be given a $0.095 dividend. The ex-dividend date of this dividend is Friday, October 4th.

Analysts Set New Price Targets

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

Read Our Latest Research Report on The Weir Group

The Weir Group Company Profile

(Get Free Report)

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.

See Also