Wienerberger AG (OTCMKTS:WBRBY) Shares Shorted: Short Interest Down 82.1% in October

Wienerberger AG (OTCMKTS:WBRBY) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 719 shares, a decrease of 82.1% from the September 30th total of 4,014 shares. Based on an average daily trading volume, of 27,204 shares, the days-to-cover ratio is currently 0.0 days.

Wienerberger Stock Performance

OTCMKTS:WBRBY opened at $3.58 on Thursday. The stock’s 50 day moving average price is $3.98 and its 200 day moving average price is $5.22. Wienerberger has a 52 week low of $3.32 and a 52 week high of $7.33.

Wienerberger (OTCMKTS:WBRBY) last posted its earnings results 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 business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.62 billion.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WBRBY shares. Jefferies Financial Group initiated coverage on shares of Wienerberger in a research report on Tuesday, October 13th. They issued a “hold” rating on the stock. BNP Paribas Exane downgraded shares of Wienerberger to a “neutral” rating in a research report on Friday, July 24th. Finally, Citigroup lowered 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 issued a Sell rating to the stock. According to data from MarketBeat, Wienerberger currently has a consensus rating of “Reduce”.

About Wienerberger

Wienerberger AG is an Austrian building materials company that develops and manufactures products for residential, commercial and infrastructure construction. The company’s portfolio includes clay bricks and blocks, roof tiles, pavers and other masonry products, as well as systems for water management, sewerage and energy infrastructure.

Founded in 1819 and headquartered in Vienna, Wienerberger has expanded from its traditional brick-making business into a broader provider of building and infrastructure solutions.