Ibstock plc (OTCMKTS:IBJHF) Sees Large Decline in Short Interest

Ibstock plc (OTCMKTS:IBJHF) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 127,737 shares, a decline of 81.8% from the December 15th total of 701,693 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Ibstock Price Performance

Shares of IBJHF remained flat at $1.70 during trading hours on Monday. Ibstock has a fifty-two week low of $1.70 and a fifty-two week high of $2.06. The business has a 50-day moving average of $1.70 and a 200 day moving average of $1.90.

Analyst Upgrades and Downgrades

Several research firms have commented on IBJHF. Deutsche Bank Aktiengesellschaft downgraded Ibstock to a “hold” rating in a report on Tuesday, January 6th. UBS Group lowered Ibstock from a “buy” rating to a “neutral” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.