Fletcher Building Limited (OTCMKTS:FRCEF) Sees Significant Increase in Short Interest

Fletcher Building Limited (OTCMKTS:FRCEF) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 775,900 shares, a growth of 7.4% from the November 15th total of 722,600 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is presently 3,879.5 days.

Fletcher Building Price Performance

Shares of Fletcher Building stock opened at $1.68 on Tuesday. Fletcher Building has a 12 month low of $1.68 and a 12 month high of $2.97. The stock’s fifty day simple moving average is $1.76 and its 200 day simple moving average is $1.76.

Fletcher Building Company Profile

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.