Wienerberger AG (OTCMKTS:WBRBY) Sees Large Drop in Short Interest

Wienerberger AG (OTCMKTS:WBRBY) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 100 shares, a drop of 96.5% from the July 15th total of 2,841 shares. Based on an average daily volume of 41,778 shares, the days-to-cover ratio is presently 0.0 days.

Wienerberger Price Performance

Shares of Wienerberger stock traded down $0.03 during midday trading on Tuesday, hitting $4.81. 5,447 shares of the company were exchanged, compared to its average volume of 14,492. The firm has a 50 day simple moving average of $5.07 and a 200-day simple moving average of $5.62. Wienerberger has a 52 week low of $4.38 and a 52 week high of $7.74.

Wienerberger (OTCMKTS:WBRBY) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.07) earnings per share 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.

Analysts Set New Price Targets

WBRBY has been the subject of a number of recent research reports. Citigroup lowered Wienerberger from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. BNP Paribas Exane cut shares of Wienerberger to a “neutral” rating in a research note on Friday, July 24th. Finally, Morgan Stanley lowered shares of Wienerberger to an “underweight” rating in a research report on Wednesday, June 10th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Wienerberger has an average rating of “Reduce”.

Wienerberger Company Profile

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.