Short Interest in Ibstock plc (OTCMKTS:IBJHF) Rises By 91.6%

Ibstock plc (OTCMKTS:IBJHF) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 230,205 shares, an increase of 91.6% from the January 15th total of 120,151 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Wall Street Analyst Weigh In

IBJHF has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered Ibstock to a “hold” rating in a report on Tuesday, January 6th. UBS Group lowered shares of Ibstock from a “buy” rating to a “neutral” rating in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Ibstock presently has a consensus rating of “Moderate Buy”.

Ibstock Stock Performance

Shares of IBJHF stock remained flat at $1.70 during mid-day trading on Friday. Ibstock has a twelve month low of $1.70 and a twelve month high of $2.06. The business’s 50-day moving average price is $1.70 and its 200-day moving average price is $1.84.

Ibstock Company Profile

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.