Fletcher Building Limited (OTCMKTS:FRCEF) Sees Large Decline in Short Interest

Fletcher Building Limited (OTCMKTS:FRCEF) was the recipient of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 352,600 shares, a decrease of 6.5% from the July 31st total of 377,300 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Fletcher Building Stock Performance

Shares of FRCEF stock opened at $1.73 on Wednesday. The business’s fifty day moving average is $1.75 and its 200 day moving average is $2.06. Fletcher Building has a 52-week low of $1.69 and a 52-week high of $3.03.

About Fletcher Building

Fletcher Building Limited, together with its subsidiaries, manufactures and distributes building products in New Zealand, Australia, and internationally. It operates through Building Products, Distribution, Concrete, Residential and Development, Construction, and Australia segments. The Building Products segment manufactures, markets, and distributes building products used to build homes; and buildings and infrastructure, including insulations, plasterboards, laminate surfaces, and plastic and concrete piping for the commercial and residential markets.