Short Interest in Wienerberger AG (OTCMKTS:WBRBY) Grows By 302.5%

Wienerberger AG (OTCMKTS:WBRBY) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 1,268 shares, an increase of 302.5% from the August 15th total of 315 shares. Based on an average daily volume of 19,651 shares, the days-to-cover ratio is currently 0.1 days.

Wienerberger Price Performance

OTCMKTS WBRBY traded up $0.09 during trading on Friday, reaching $4.29. 17,966 shares of the company’s stock were exchanged, compared to its average volume of 14,105. The business has a 50 day moving average price of $4.72 and a 200-day moving average price of $5.23. Wienerberger has a fifty-two week low of $4.15 and a fifty-two week high of $7.33.

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

Wall Street Analysts Forecast Growth

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

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.