Ibstock plc (OTCMKTS:IBJHF) Sees Significant Growth in Short Interest

Ibstock plc (OTCMKTS:IBJHF) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 756,821 shares, an increase of 85.1% from the February 26th total of 408,769 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft downgraded shares of Ibstock to a “hold” rating in a research note on Tuesday, January 6th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Ibstock has a consensus rating of “Hold”.

Ibstock Price Performance

Shares of OTCMKTS IBJHF remained flat at $1.70 during midday trading on Thursday. Ibstock has a 12-month low of $1.70 and a 12-month high of $2.06. The stock has a 50-day simple moving average of $1.70 and a 200-day simple moving average of $1.77.

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.