Short Interest in The Weir Group PLC (OTCMKTS:WEGRY) Expands By 1,300.0%

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

The Weir Group Stock Performance

Shares of The Weir Group stock remained flat at $13.61 during trading on Thursday. The stock had a trading volume of 163 shares, compared to its average volume of 3,646. The stock has a 50 day moving average price of $13.94 and a two-hundred day moving average price of $13.38. The Weir Group has a twelve month low of $11.06 and a twelve month high of $14.81.

The Weir Group Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, October 4th were paid a $0.095 dividend. The ex-dividend date of this dividend was Friday, October 4th.

Wall Street Analysts Forecast Growth

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

About The 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.