Short Interest in Ibstock plc (OTCMKTS:IBJHF) Grows By 31.0%

Ibstock plc (OTCMKTS:IBJHF) saw 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 trading volume of 2,000 shares, the days-to-cover ratio is presently 2.8 days.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on IBJHF. Investec raised shares of Ibstock to a “buy” rating in a research note on Wednesday, March 5th. Royal Bank of Canada restated an “outperform” rating on shares of Ibstock in a research report on Friday, March 7th. Finally, UBS Group reissued a “buy” rating on shares of Ibstock in a research note on Thursday, March 6th.

Ibstock Stock Performance

Shares of OTCMKTS IBJHF opened at $2.06 on Wednesday. Ibstock has a 1-year low of $1.70 and a 1-year high of $2.06. The firm’s 50-day moving average price is $1.82 and its 200-day moving average price is $1.74.

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.