Short Interest in Wienerberger AG (OTCMKTS:WBRBY) Grows By 1,011.0%

Wienerberger AG (OTCMKTS:WBRBY) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 10,866 shares, an increase of 1,011.0% from the June 15th total of 978 shares. Based on an average daily trading volume, of 40,333 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

Several research firms have weighed in on WBRBY. Citigroup reiterated a “buy” rating on shares of Wienerberger in a research note on Monday, May 18th. Morgan Stanley cut shares of Wienerberger to an “underweight” rating in a report on Wednesday, June 10th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Wienerberger Price Performance

WBRBY traded up $0.01 during trading on Friday, reaching $5.06. 5,706 shares of the company were exchanged, compared to its average volume of 14,297. The firm has a 50 day moving average of $5.34 and a 200 day moving average of $5.94. Wienerberger has a 52 week low of $4.78 and a 52 week high of $7.74.

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