Wienerberger AG (OTCMKTS:WBRBY) Sees Large Drop in Short Interest

Wienerberger AG (OTCMKTS:WBRBY) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 100 shares, a drop of 96.5% from the July 15th total of 2,841 shares. Based on an average daily trading volume, of 41,778 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

A number of research firms have weighed in on WBRBY. BNP Paribas Exane lowered shares of Wienerberger to a “neutral” rating in a research report on Friday, July 24th. Citigroup downgraded Wienerberger from a “buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, Morgan Stanley lowered Wienerberger to an “underweight” rating in a research note on Wednesday, June 10th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Wienerberger Trading Down 0.7%

Shares of Wienerberger stock traded down $0.03 during midday trading on Tuesday, hitting $4.81. The company had a trading volume of 5,447 shares, compared to its average volume of 14,492. Wienerberger has a 1-year low of $4.38 and a 1-year high of $7.74. The business’s 50 day simple moving average is $5.07 and its two-hundred day simple moving average is $5.62.

Wienerberger (OTCMKTS:WBRBY) last released its earnings results on Wednesday, May 13th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.24 billion.

About Wienerberger

Wienerberger AG is a leading international supplier of building materials and infrastructure solutions, headquartered in Vienna, Austria. The company specializes in clay blocks and facing bricks, as well as concrete and plastic pipe systems for water management and energy distribution. Wienerberger’s products are designed to meet a wide range of architectural and engineering requirements, combining durability with energy efficiency and aesthetic appeal.

In its brick division, Wienerberger offers a variety of clay brick formats under well-known brands, catering to both residential and commercial construction.