Fletcher Building Limited (OTCMKTS:FRCEF) Short Interest Update

Fletcher Building Limited (OTCMKTS:FRCEF) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 570,600 shares, a decrease of 20.8% from the March 31st total of 720,300 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Fletcher Building Price Performance

FRCEF stock opened at $1.85 on Friday. The firm has a 50 day moving average of $1.71 and a two-hundred day moving average of $1.69. Fletcher Building has a 12 month low of $1.53 and a 12 month high of $2.51.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group set a $2.85 target price on shares of Fletcher Building and gave the company a “sell” rating in a research note on Wednesday, March 12th.

About Fletcher Building

Fletcher Building Limited, together with its subsidiaries, manufactures and distributes building products in New Zealand, Australia, and internationally. It operates through Building Products, Distribution, Concrete, Residential and Development, Construction, and Australia segments. The Building Products segment manufactures, markets, and distributes building products used to build homes; and buildings and infrastructure, including insulations, plasterboards, laminate surfaces, and plastic and concrete piping for the commercial and residential markets.