Short Interest in Forterra plc (OTCMKTS:FTTRF) Declines By 39.8%

Forterra plc (OTCMKTS:FTTRF) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 29,104 shares, a drop of 39.8% from the June 15th total of 48,350 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Forterra Stock Performance

Shares of OTCMKTS FTTRF remained flat at $2.00 during trading on Thursday. The business’s fifty day moving average is $2.02 and its 200 day moving average is $2.11. Forterra has a 52-week low of $2.00 and a 52-week high of $3.15.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Forterra in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Forterra currently has a consensus rating of “Moderate Buy”.

About Forterra

Forterra plc (OTCMKTS: FTTRF) is a leading UK-based manufacturer of building products, specializing in clay and concrete solutions for the construction sector. The company designs, produces and supplies a comprehensive range of masonry and hard landscaping materials for residential, commercial and infrastructure projects. Its product portfolio spans clay facing bricks, concrete masonry blocks, architectural terracotta, clay pavers, drainage systems and engineered retaining walls.

Within its Clay Products segment, Forterra manufactures a variety of facing bricks, including traditional and extruded formats, as well as thin bricks for both internal and external façades.