Adbri Limited (OTCMKTS:ADLDY) Sees Significant Decline in Short Interest

Adbri Limited (OTCMKTS:ADLDYGet Free Report) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 200 shares, a drop of 33.3% from the May 15th total of 300 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 2.0 days.

Adbri Price Performance

Shares of ADLDY stock remained flat at $8.17 during mid-day trading on Friday. The business has a 50-day moving average of $8.03 and a two-hundred day moving average of $6.98. Adbri has a 12-month low of $4.75 and a 12-month high of $8.37.

About Adbri

(Get Free Report)

Adbri Limited manufactures and distributes construction materials in Australia. The company operates in two segments: Cement, Lime, Concrete and Aggregates; and Masonry. It provides cement, lime, premixed concrete, aggregates, and sand; various concrete bricks, besser blocks, pavers, and retaining wall blocks; and industrial minerals comprising agricultural lime products, stockfield minerals and fillers for glass manufacturing, and quick and hydrated lime for industrial processing and water treatment applications.

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