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

Wienerberger AG (OTCMKTS:WBRBY) saw a large drop in short interest in 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 currently 0.1 days.

Wienerberger Stock Performance

Wienerberger stock opened at $4.64 on Tuesday. Wienerberger has a 52-week low of $4.38 and a 52-week high of $7.74. The business has a 50-day simple moving average of $5.19 and a two-hundred day simple moving average of $5.76.

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

Analyst Upgrades and Downgrades

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