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

Wienerberger AG (OTCMKTS:WBRBY) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 3,300 shares, a drop of 94.5% from the March 15th total of 59,500 shares. Based on an average daily trading volume, of 11,800 shares, the days-to-cover ratio is presently 0.3 days.

Wienerberger Stock Performance

Shares of WBRBY stock opened at $6.75 on Tuesday. The company’s fifty day moving average price is $6.84 and its 200-day moving average price is $6.10. Wienerberger has a one year low of $4.92 and a one year high of $8.15.

Analysts Set New Price Targets

Separately, UBS Group downgraded Wienerberger from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 21st.

About Wienerberger

Wienerberger AG produces and sells clay blocks, facing bricks, roof tiles, and pavers in Europe. It operates through Wienerberger Building Solutions, Wienerberger Piping Solutions, and North America segments. The company offers wall, façade, and roof system for single, two, and multi-family homes, and non-residential construction; paving and water management for gardens, pavements, and parking areas; and electrical cooling and heating installation, drinking water and wastewater, garden irrigation, irrigation systems and water storage.