Ibstock plc (OTCMKTS:IBJHF) Sees Significant Growth in Short Interest

Ibstock plc (OTCMKTS:IBJHF) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 756,821 shares, an increase of 85.1% from the February 26th total of 408,769 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft downgraded shares of Ibstock to a “hold” rating in a research note on Tuesday, January 6th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Ibstock Stock Performance

Shares of OTCMKTS IBJHF remained flat at $1.70 on Thursday. Ibstock has a 1 year low of $1.70 and a 1 year high of $2.06. The stock has a 50-day moving average price of $1.70 and a 200 day moving average price of $1.77.

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.