Ibstock plc (OTCMKTS:IBJHF) Short Interest Up 31.0% in March

Ibstock plc (OTCMKTS:IBJHF) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 5,500 shares, a growth of 31.0% from the February 28th total of 4,200 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 2.8 days.

Analyst Ratings Changes

Several brokerages have commented on IBJHF. UBS Group restated a “buy” rating on shares of Ibstock in a research report on Thursday, March 6th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Ibstock in a report on Friday, March 7th. Finally, Investec upgraded shares of Ibstock to a “buy” rating in a research note on Wednesday, March 5th.

Ibstock Price Performance

Shares of OTCMKTS IBJHF remained flat at $2.06 during midday trading on Monday. Ibstock has a 1 year low of $1.70 and a 1 year high of $2.06. The business has a 50-day simple moving average of $1.81 and a two-hundred day simple moving average of $1.74.

About Ibstock

Ibstock plc manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom. The company offers bricks and masonry, which includes facing and engineering bricks, brick slips, special shaped bricks, walling stone, architectural masonry, prefabricated components, eco-habitats, and padstones and lintels, as well as façade systems; roofing products comprising roof tiles and accessories, and chimneys; and flooring and lintels, such as beam and block flooring, insulated flooring, hollowcore, and screed rails.