Short Interest in The Weir Group PLC (OTCMKTS:WEIGF) Decreases By 17.6%

The Weir Group PLC (OTCMKTS:WEIGF) was the target of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 56,500 shares, a decrease of 17.6% from the October 31st total of 68,600 shares. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is presently 70.6 days.

The Weir Group Price Performance

WEIGF opened at $27.05 on Monday. The Weir Group has a 12-month low of $22.01 and a 12-month high of $29.66. The business’s fifty day simple moving average is $28.35 and its 200-day simple moving average is $26.53.

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.