Wienerberger AG (OTCMKTS:WBRBY) Sees Significant Growth in Short Interest

Wienerberger AG (OTCMKTS:WBRBY) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 4,014 shares, an increase of 2,058.1% from the September 15th total of 186 shares. Based on an average daily volume of 31,863 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Several brokerages recently weighed in on WBRBY. Citigroup downgraded Wienerberger from a “buy” rating to a “hold” rating in a report on Tuesday, July 21st. BNP Paribas Exane cut shares of Wienerberger to a “neutral” rating in a research note on Friday, July 24th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Wienerberger Price Performance

Shares of WBRBY stock traded up $0.07 during midday trading on Friday, reaching $3.45. 9,852 shares of the company traded hands, compared to its average volume of 15,048. The firm’s 50 day simple moving average is $4.28 and its two-hundred day simple moving average is $4.94. Wienerberger has a 1-year low of $3.32 and a 1-year high of $7.33.

Wienerberger (OTCMKTS:WBRBY) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion.

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.