Weir Group (OTCMKTS:WEGRY) Short Interest Up 7,896.8% in May

Weir Group (OTCMKTS:WEGRY) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 9,996 shares, a growth of 7,896.8% from the May 14th total of 125 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 71,644 shares, the short-interest ratio is presently 0.1 days.

Weir Group Price Performance

Shares of WEGRY traded down $0.19 on Tuesday, reaching $16.05. 26,986 shares of the company’s stock were exchanged, compared to its average volume of 39,140. The company has a current ratio of 2.05, a quick ratio of 1.30 and a debt-to-equity ratio of 0.87. The business has a 50 day moving average price of $18.56 and a two-hundred day moving average price of $20.03. Weir Group has a 12 month low of $15.81 and a 12 month high of $24.85.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Weir Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Weir Group currently has an average rating of “Hold”.

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.