Wienerberger AG (OTCMKTS:WBRBY) Stock Short Interest Jumps 1,530.0%

Wienerberger AG (OTCMKTS:WBRBY) was the recipient of a large increase in short interest in October. As of October 30th, there was short interest totaling 11,720 shares, an increase of 1,530.0% from the October 15th total of 719 shares. Based on an average daily volume of 33,117 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WBRBY shares. Citigroup downgraded shares of Wienerberger from a “buy” rating to a “hold” rating in a report on Tuesday, July 21st. Jefferies Financial Group initiated coverage on Wienerberger in a research report on Tuesday, October 13th. They set a “hold” rating on the stock. Finally, BNP Paribas Exane downgraded Wienerberger to a “neutral” rating in a research report on Friday, July 24th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce”.

Wienerberger Stock Performance

WBRBY stock traded down $0.01 during midday trading on Tuesday, reaching $3.96. 10,566 shares of the company’s stock traded hands, compared to its average volume of 15,967. Wienerberger has a 52 week low of $3.32 and a 52 week high of $7.33. The firm’s fifty day moving average price is $3.85 and its 200-day moving average price is $5.09.

Wienerberger (OTCMKTS:WBRBY) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.09). The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.62 billion.

About Wienerberger

Wienerberger AG is an Austrian building materials company headquartered in Vienna. Founded in 1819, the company has developed into an international supplier of products and systems used in residential, commercial and infrastructure construction. Its portfolio includes clay bricks and blocks, roof tiles, concrete and clay pavers, and related building solutions. Through businesses such as Pipelife, Steinzeug-Keramo and Semmelrock, Wienerberger also provides plastic and ceramic pipe systems, wastewater and drainage solutions, and paving products for water management and outdoor construction.