Short Interest in The Weir Group PLC (OTCMKTS:WEIGF) Expands By 229.9%

The Weir Group PLC (OTCMKTS:WEIGF) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 64,000 shares, a growth of 229.9% from the August 15th total of 19,400 shares. Based on an average daily volume of 3,800 shares, the short-interest ratio is currently 16.8 days.

Shares of OTCMKTS:WEIGF opened at $24.30 on Friday. The Weir Group has a 12 month low of $16.70 and a 12 month high of $28.55. The company has a 50-day moving average price of $24.16 and a 200 day moving average price of $25.49.

The Weir Group Company Profile

The Weir Group PLC produces and sells highly engineered original equipment. It operates in two segments, Minerals and ESCO. The Minerals segment offers slurry handling equipment and associated aftermarket support services for abrasive high-wear applications used in the mining and oil sands markets. The ESCO segment provides ground engaging tools for surface mining and infrastructure.

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