Wienerberger AG (OTCMKTS:WBRBY) Stock Short Interest Jumps 1,530.0%

Wienerberger AG (OTCMKTS:WBRBY) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 11,720 shares, an increase of 1,530.0% from the October 15th total of 719 shares. Based on an average daily trading volume, of 33,117 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WBRBY shares. Citigroup downgraded Wienerberger from a “buy” rating to a “hold” rating in a report on Tuesday, July 21st. Jefferies Financial Group began coverage on shares of Wienerberger in a report on Tuesday, October 13th. They issued a “hold” rating on the stock. Finally, BNP Paribas Exane downgraded Wienerberger to a “neutral” rating in a report on Friday, July 24th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Wienerberger Stock Down 0.3%

Shares of WBRBY stock traded down $0.01 on Tuesday, hitting $3.96. 10,566 shares of the stock traded hands, compared to its average volume of 15,967. The firm has a 50 day simple moving average of $3.85 and a two-hundred day simple moving average of $5.09. Wienerberger has a 52 week low of $3.32 and a 52 week high of $7.33.

Wienerberger (OTCMKTS:WBRBY) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.09). The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion.

Wienerberger Company Profile

Wienerberger AG is an Austrian building materials company headquartered in Vienna. Founded in 1819, the company has developed into an international supplier of products and systems used in residential, commercial and infrastructure construction. Its portfolio includes clay bricks and blocks, roof tiles, concrete and clay pavers, and related building solutions. Through businesses such as Pipelife, Steinzeug-Keramo and Semmelrock, Wienerberger also provides plastic and ceramic pipe systems, wastewater and drainage solutions, and paving products for water management and outdoor construction.