Fletcher Building Limited (OTCMKTS:FRCEF) Shares Shorted: Short Interest Down 54.9% in October

Fletcher Building Limited (OTCMKTS:FRCEF) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 355,083 shares, a decline of 54.9% from the September 30th total of 786,521 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Fletcher Building Price Performance

FRCEF remained flat at $2.10 during trading hours on Friday. Fletcher Building has a 52 week low of $1.63 and a 52 week high of $2.19. The company has a 50 day moving average price of $2.10 and a two-hundred day moving average price of $1.94.

About Fletcher Building

Fletcher Building Limited is a New Zealand-based company involved in the manufacture, distribution and installation of building and construction products. Its businesses serve residential, commercial and infrastructure markets, supplying materials used in new construction, renovation and maintenance projects.

The company’s product portfolio includes cement and concrete products, plasterboard, roofing, insulation, timber and engineered wood products, pipes, laminates, wall coverings and other interior building materials.