Short Interest in Forterra plc (OTCMKTS:FTTRF) Drops By 39.8%

Forterra plc (OTCMKTS:FTTRFGet Free Report) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 29,104 shares, a decrease of 39.8% from the June 15th total of 48,350 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Forterra in a research report on Wednesday, May 20th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Forterra presently has an average rating of “Moderate Buy”.

View Our Latest Report on Forterra

Forterra Price Performance

OTCMKTS FTTRF remained flat at $2.00 on Friday. The company has a fifty day moving average of $2.01 and a 200-day moving average of $2.11. Forterra has a 1-year low of $2.00 and a 1-year high of $3.15.

About Forterra

(Get Free Report)

Forterra plc (OTCMKTS: FTTRF) is a leading UK-based manufacturer of building products, specializing in clay and concrete solutions for the construction sector. The company designs, produces and supplies a comprehensive range of masonry and hard landscaping materials for residential, commercial and infrastructure projects. Its product portfolio spans clay facing bricks, concrete masonry blocks, architectural terracotta, clay pavers, drainage systems and engineered retaining walls.

Within its Clay Products segment, Forterra manufactures a variety of facing bricks, including traditional and extruded formats, as well as thin bricks for both internal and external façades.

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