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

Ibstock plc (OTCMKTS:IBJHF) saw a large growth in short interest in 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 daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Ibstock Price Performance

Shares of IBJHF remained flat at $2.06 during mid-day trading on Friday. The business’s fifty day moving average is $1.74 and its 200-day moving average is $1.71. Ibstock has a fifty-two week low of $1.70 and a fifty-two week high of $2.06.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on IBJHF. UBS Group reaffirmed 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 research report on Friday, March 7th. Finally, Investec raised Ibstock to a “buy” rating in a research report on Wednesday, March 5th.

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.