Fletcher Building Limited (OTCMKTS:FRCEF) Short Interest Down 15.9% in March

Fletcher Building Limited (OTCMKTS:FRCEF) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 720,300 shares, a decline of 15.9% from the March 15th total of 856,100 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Fletcher Building Stock Performance

OTCMKTS:FRCEF remained flat at $1.70 during trading hours on Monday. Fletcher Building has a fifty-two week low of $1.53 and a fifty-two week high of $2.51. The business’s fifty day moving average price is $1.70 and its two-hundred day moving average price is $1.69.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group set a $2.85 price objective on shares of Fletcher Building and gave the company a “sell” rating in a research report on Wednesday, March 12th.

Fletcher Building Company Profile

Fletcher Building Limited, together with its subsidiaries, manufactures and distributes building products in New Zealand, Australia, and internationally. It operates through Building Products, Distribution, Concrete, Residential and Development, Construction, and Australia segments. The Building Products segment manufactures, markets, and distributes building products used to build homes; and buildings and infrastructure, including insulations, plasterboards, laminate surfaces, and plastic and concrete piping for the commercial and residential markets.