Short Interest in Ibstock plc (OTCMKTS:IBJHF) Drops By 81.8%

Ibstock plc (OTCMKTS:IBJHF) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 127,737 shares, a decline of 81.8% from the December 15th total of 701,693 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Ibstock Price Performance

IBJHF stock remained flat at $1.70 during trading on Wednesday. Ibstock has a 52 week low of $1.70 and a 52 week high of $2.06. The company’s 50 day moving average price is $1.70 and its 200 day moving average price is $1.89.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Ibstock to a “hold” rating in a report on Tuesday, January 6th. UBS Group cut shares of Ibstock from a “buy” rating to a “neutral” rating in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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.