Short Interest in Ibstock plc (OTCMKTS:IBJHF) Rises By 31.0%

Ibstock plc (OTCMKTS:IBJHF) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 5,500 shares, a growth of 31.0% from the February 28th total of 4,200 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is currently 2.8 days.

Wall Street Analyst Weigh In

IBJHF has been the subject of several analyst reports. Investec upgraded Ibstock to a “buy” rating in a report on Wednesday, March 5th. UBS Group reissued a “buy” rating on shares of Ibstock in a report on Thursday, March 6th. Finally, Royal Bank of Canada restated an “outperform” rating on shares of Ibstock in a report on Friday, March 7th.

Ibstock Price Performance

OTCMKTS IBJHF remained flat at $2.06 on Monday. The firm’s fifty day simple moving average is $1.81 and its two-hundred day simple moving average is $1.74. Ibstock has a one year low of $1.70 and a one year high of $2.06.

About Ibstock

Ibstock plc manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom. The company offers bricks and masonry, which includes facing and engineering bricks, brick slips, special shaped bricks, walling stone, architectural masonry, prefabricated components, eco-habitats, and padstones and lintels, as well as façade systems; roofing products comprising roof tiles and accessories, and chimneys; and flooring and lintels, such as beam and block flooring, insulated flooring, hollowcore, and screed rails.