The Weir Group PLC (OTCMKTS:WEGRY) Short Interest Update

The Weir Group PLC (OTCMKTS:WEGRYGet Rating) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 1,900 shares, a growth of 137.5% from the April 30th total of 800 shares. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is presently 1.2 days.

The Weir Group Price Performance

WEGRY stock opened at $10.72 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.17 and a debt-to-equity ratio of 0.62. The Weir Group has a 1 year low of $7.51 and a 1 year high of $12.20. The stock’s fifty day moving average is $11.28 and its two-hundred day moving average is $10.97.

The Weir Group Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 8th. Shareholders of record on Friday, April 21st will be paid a $0.0961 dividend. This represents a yield of 1.3%. This is a boost from The Weir Group’s previous dividend of $0.07. The ex-dividend date of this dividend is Thursday, April 20th.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of The Weir Group from GBX 1,850 ($23.01) to GBX 2,040 ($25.37) in a research report on Thursday, March 2nd. Morgan Stanley raised their price objective on The Weir Group from GBX 1,580 ($19.65) to GBX 1,760 ($21.89) in a research note on Tuesday, March 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on The Weir Group from GBX 1,900 ($23.63) to GBX 2,134 ($26.54) in a research note on Monday, March 6th.

The Weir Group Company Profile

(Get Rating)

The Weir Group Plc engages in the provision of engineering solutions. It operates through the following segments: Minerals, Oil and Gas, and ESCO. The Minerals segment offers slurry handling equipment and associated aftermarket support for abrasive high wear applications used in the mining and oil sands markets.

Recommended Stories

Receive News & Ratings for The Weir Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Weir Group and related companies with's FREE daily email newsletter.