Fletcher Building Limited (OTCMKTS:FRCEF) Sees Large Decrease in Short Interest

Fletcher Building Limited (OTCMKTS:FRCEF) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 570,600 shares, a decrease of 20.8% from the March 31st total of 720,300 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Fletcher Building Price Performance

Fletcher Building stock opened at $1.85 on Friday. Fletcher Building has a fifty-two week low of $1.53 and a fifty-two week high of $2.51. The stock’s fifty day moving average is $1.71 and its two-hundred day moving average is $1.69.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group set a $2.85 target price on shares of Fletcher Building and gave the stock a “sell” rating in a research report on Wednesday, March 12th.

Fletcher Building Company Profile

Fletcher Building Limited, together with its subsidiaries, manufactures and distributes building products in New Zealand, Australia, and internationally. It operates through Building Products, Distribution, Concrete, Residential and Development, Construction, and Australia segments. The Building Products segment manufactures, markets, and distributes building products used to build homes; and buildings and infrastructure, including insulations, plasterboards, laminate surfaces, and plastic and concrete piping for the commercial and residential markets.