Wienerberger AG (OTCMKTS:WBRBY) Stock Short Interest Falls 85.3%

Wienerberger AG (OTCMKTS:WBRBY) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 186 shares, a decrease of 85.3% from the August 31st total of 1,268 shares. Based on an average daily volume of 59,639 shares, the days-to-cover ratio is presently 0.0 days.

Wienerberger Stock Up 0.8%

OTCMKTS:WBRBY opened at $3.94 on Friday. The company has a 50-day moving average price of $4.49 and a 200-day moving average price of $5.06. Wienerberger has a 12 month low of $3.90 and a 12 month high of $7.33.

Wienerberger (OTCMKTS:WBRBY) last posted its quarterly earnings data 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.

Analysts Set New Price Targets

Several research analysts recently commented on WBRBY shares. Morgan Stanley downgraded shares of Wienerberger to an “underweight” rating in a research note on Wednesday, June 10th. BNP Paribas Exane cut 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 report 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 MarketBeat.com, the company has an average rating of “Reduce”.

About Wienerberger

Wienerberger AG is an Austria-based provider of building materials and infrastructure solutions. Founded in 1819 and headquartered in Vienna, the company operates internationally across the residential, commercial and infrastructure construction markets.

The company manufactures and sells clay blocks and bricks, roof tiles, and clay pavers, as well as concrete products and other building systems. Through its infrastructure activities, Wienerberger also offers plastic and ceramic pipe systems for water, wastewater, energy and telecommunications applications.

Wienerberger serves customers across Europe, the United Kingdom and North America through a portfolio of regional brands and operating businesses, including Pipelife.