Wienerberger AG (OTCMKTS:WBRBY) Stock Short Interest Drops 85.3%

Wienerberger AG (OTCMKTS:WBRBY) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 186 shares, a decline of 85.3% from the August 31st total of 1,268 shares. Based on an average trading volume of 59,639 shares, the days-to-cover ratio is currently 0.0 days.

Wienerberger Trading Up 0.8%

Shares of WBRBY opened at $3.94 on Friday. Wienerberger has a one year low of $3.90 and a one year high of $7.33. The company has a 50-day moving average of $4.49 and a two-hundred day moving average of $5.06.

Wienerberger (OTCMKTS:WBRBY) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion.

Analysts Set New Price Targets

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

About Wienerberger

Wienerberger AG is an Austria-based provider of building materials and infrastructure solutions. Founded in 1819 and headquartered in Vienna, the company operates internationally across the residential, commercial and infrastructure construction markets.

The company manufactures and sells clay blocks and bricks, roof tiles, and clay pavers, as well as concrete products and other building systems. Through its infrastructure activities, Wienerberger also offers plastic and ceramic pipe systems for water, wastewater, energy and telecommunications applications.

Wienerberger serves customers across Europe, the United Kingdom and North America through a portfolio of regional brands and operating businesses, including Pipelife.