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

Wienerberger AG (OTCMKTS:WBRBY) was the recipient of a large 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 daily trading volume, of 20,601 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Several brokerages recently weighed in on WBRBY. BNP Paribas Exane downgraded Wienerberger to a “neutral” rating in a research report on Friday. Morgan Stanley lowered Wienerberger to an “underweight” rating in a research note on Wednesday, June 10th. Finally, Citigroup downgraded Wienerberger from a “buy” rating to a “hold” rating in a report on Tuesday, July 21st. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Wienerberger Stock Performance

Shares of OTCMKTS WBRBY opened at $4.54 on Monday. Wienerberger has a 1 year low of $4.46 and a 1 year high of $7.74. The company has a 50-day moving average price of $5.20 and a 200-day moving average price of $5.77.

Wienerberger (OTCMKTS:WBRBY) last issued 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 business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.24 billion.

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.