Ibstock plc (OTCMKTS:IBJHF) Sees Large Drop in Short Interest

Ibstock plc (OTCMKTS:IBJHF) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 127,737 shares, a drop of 81.8% from the December 15th total of 701,693 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Ibstock Price Performance

OTCMKTS IBJHF remained flat at $1.70 on Monday. Ibstock has a twelve month low of $1.70 and a twelve month high of $2.06. The stock’s fifty day moving average is $1.70 and its 200 day moving average is $1.90.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered Ibstock to a “hold” rating in a research note on Tuesday, January 6th. UBS Group downgraded Ibstock from a “buy” rating to a “neutral” rating in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

About Ibstock

Ibstock PLC, trading on the OTC Markets under the ticker IBJHF, is a leading manufacturer of clay bricks and concrete products headquartered in the United Kingdom. The company designs, produces and distributes a broad portfolio of masonry solutions for residential, commercial and infrastructure projects. Its core offerings include facing bricks, engineering bricks and concrete roof tiles, complemented by energy-efficient and sustainable building materials that address modern environmental and performance standards.

With a vertically integrated manufacturing model, Ibstock operates more than 45 production facilities across the UK and North America.