Short Interest in Wienerberger AG (OTCMKTS:WBRBY) Drops By 73.9%

Wienerberger AG (OTCMKTS:WBRBY) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,841 shares, a drop of 73.9% from the June 30th total of 10,866 shares. Based on an average trading volume of 20,601 shares, the days-to-cover ratio is presently 0.1 days.

Wienerberger Stock Performance

Shares of WBRBY stock opened at $4.54 on Friday. Wienerberger has a 12-month low of $4.46 and a 12-month high of $7.74. The company has a 50 day moving average of $5.20 and a 200-day moving average of $5.78.

Wienerberger (OTCMKTS:WBRBY) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.24 billion.

Wall Street Analysts Forecast Growth

WBRBY has been the topic of several research analyst reports. Morgan Stanley cut Wienerberger to an “underweight” rating in a research report on Wednesday, June 10th. BNP Paribas Exane lowered Wienerberger to a “neutral” rating in a research report on Friday. Finally, Citigroup cut Wienerberger from a “buy” rating to a “hold” rating in a research note on Tuesday. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Wienerberger currently has an average rating of “Reduce”.

About Wienerberger

Wienerberger AG is a leading international supplier of building materials and infrastructure solutions, headquartered in Vienna, Austria. The company specializes in clay blocks and facing bricks, as well as concrete and plastic pipe systems for water management and energy distribution. Wienerberger’s products are designed to meet a wide range of architectural and engineering requirements, combining durability with energy efficiency and aesthetic appeal.

In its brick division, Wienerberger offers a variety of clay brick formats under well-known brands, catering to both residential and commercial construction.