Short Interest in Fletcher Building Limited (OTCMKTS:FRCEF) Expands By 13.0%

Fletcher Building Limited (OTCMKTS:FRCEF) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 898,800 shares, an increase of 13.0% from the December 15th total of 795,600 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Fletcher Building Stock Performance

FRCEF stock remained flat at $1.53 during midday trading on Friday. The stock’s 50 day simple moving average is $1.66 and its 200-day simple moving average is $1.74. Fletcher Building has a twelve month low of $1.53 and a twelve month high of $2.97.

Fletcher Building Company Profile

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.