Ibstock plc (OTCMKTS:IBJHF) Sees Large Increase in Short Interest

Ibstock plc (OTCMKTS:IBJHF) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 701,693 shares, an increase of 521.6% from the November 30th total of 112,891 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Analyst Ratings Changes

Separately, UBS Group downgraded Ibstock from a “buy” rating to a “neutral” rating in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ibstock currently has an average rating of “Moderate Buy”.

Ibstock Price Performance

OTCMKTS:IBJHF opened at $1.70 on Friday. The business has a 50 day simple moving average of $1.70 and a 200-day simple moving average of $1.93. Ibstock has a 1 year low of $1.70 and a 1 year high of $2.06.

About Ibstock

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.