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

Ibstock plc (OTCMKTS:IBJHF) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 4,200 shares, a growth of 133.3% from the February 13th total of 1,800 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. UBS Group restated a “buy” rating on shares of Ibstock in a research report on Thursday, March 6th. Investec raised shares of Ibstock to a “buy” rating in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of Ibstock in a research note on Friday, March 7th.

Ibstock Stock Performance

Shares of OTCMKTS IBJHF remained flat at $2.06 during midday trading on Friday. The firm has a fifty day moving average of $1.74 and a 200 day moving average of $1.71. Ibstock has a 1-year low of $1.70 and a 1-year high of $2.06.

Ibstock Company Profile

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.