Ibstock plc (OTCMKTS:IBJHF) Short Interest Up 91.6% in January

Ibstock plc (OTCMKTS:IBJHF) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 230,205 shares, an increase of 91.6% from the January 15th total of 120,151 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. UBS Group lowered shares of Ibstock from a “buy” rating to a “neutral” rating in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft downgraded Ibstock to a “hold” rating in a research report on Tuesday, January 6th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Ibstock Price Performance

Shares of OTCMKTS:IBJHF remained flat at $1.70 during midday trading on Friday. Ibstock has a fifty-two week low of $1.70 and a fifty-two week high of $2.06. The company’s 50 day moving average price is $1.70 and its 200-day moving average price is $1.84.

Ibstock Company Profile

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.