Fletcher Building Limited (OTCMKTS:FRCEF) Short Interest Up 13.0% in December

Fletcher Building Limited (OTCMKTS:FRCEF) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 898,800 shares, an increase of 13.0% from the December 15th total of 795,600 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Fletcher Building Price Performance

Shares of OTCMKTS FRCEF remained flat at $1.53 during mid-day trading on Friday. The company’s 50-day simple moving average is $1.66 and its two-hundred day simple moving average is $1.74. Fletcher Building has a 52-week low of $1.53 and a 52-week high of $2.97.

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.