Fletcher Building Limited (OTCMKTS:FRCEF) Short Interest Update

Fletcher Building Limited (OTCMKTS:FRCEF) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 267,700 shares, a growth of 30.3% from the May 15th total of 205,500 shares. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is currently 892.3 days.

Fletcher Building Price Performance

OTCMKTS FRCEF remained flat at $1.78 during trading on Friday. Fletcher Building has a 12-month low of $1.78 and a 12-month high of $3.48. The company’s fifty day moving average is $2.07 and its 200 day moving average is $2.46.

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.