Weir Group (OTCMKTS:WEGRY) Sees Significant Increase in Short Interest

Weir Group (OTCMKTS:WEGRY) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 19,603 shares, a growth of 835.3% from the June 15th total of 2,096 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 45,108 shares, the days-to-cover ratio is currently 0.4 days.

Weir Group Stock Up 1.7%

Shares of Weir Group stock traded up $0.27 during trading on Friday, reaching $16.31. 21,390 shares of the company were exchanged, compared to its average volume of 37,241. The business has a 50-day moving average price of $16.62 and a 200-day moving average price of $19.59. The company has a quick ratio of 1.30, a current ratio of 2.05 and a debt-to-equity ratio of 0.87. Weir Group has a twelve month low of $15.38 and a twelve month high of $24.85.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Zacks Research raised shares of Weir Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Kepler Capital Markets raised shares of Weir Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Weir Group Company Profile

Weir Group PLC is a Glasgow‐based engineering firm specializing in the design, manufacture and aftermarket servicing of equipment for the minerals, oil & gas and power industries. Founded in 1871, the company has built a reputation for delivering robust solutions that improve safety, efficiency and sustainability across challenging industrial environments. Its core focus lies in high‐performance equipment that supports critical processes such as ore extraction, fluid handling and pressure management.

The company’s Minerals division supplies a comprehensive range of products including slurry pumps, hydrocyclones, crushers and grinding mills, which are widely used in mining and quarrying operations.