Ibstock plc (OTCMKTS:IBJHF) Short Interest Up 521.6% in December

Ibstock plc (OTCMKTS:IBJHF) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 701,693 shares, a growth of 521.6% from the November 30th total of 112,891 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Ibstock Stock Performance

Shares of OTCMKTS:IBJHF remained flat at $1.70 during mid-day trading on Friday. The business’s 50-day moving average is $1.70 and its 200 day moving average is $1.93. Ibstock has a 1-year low of $1.70 and a 1-year high of $2.06.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered Ibstock from a “buy” rating to a “neutral” rating in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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.