Ibstock plc (OTCMKTS:IBJHF) Sees Significant Growth in Short Interest

Ibstock plc (OTCMKTS:IBJHF) was the recipient of a large growth in short interest in 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 short-interest ratio is presently 2.8 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. UBS Group reissued a “buy” rating on shares of Ibstock in a report on Thursday, March 6th. Royal Bank of Canada reissued an “outperform” rating on shares of Ibstock in a research report on Friday, March 7th. Finally, Investec raised Ibstock to a “buy” rating in a research report on Wednesday, March 5th.

Ibstock Stock Performance

OTCMKTS:IBJHF remained flat at $2.06 during midday trading on Tuesday. The firm has a 50 day moving average price of $1.82 and a 200-day moving average price of $1.74. Ibstock has a 52 week low of $1.70 and a 52 week 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.