What’s Ahead for ADELAIDE BRIGHTON LTD AUSTRALIA ORDINA (OTCMKTS:ADBCF) After Less Shorted Shares?

June 16, 2018 - By Dolores Ford

Adelaide Brighton Limited (OTCMKTS:ADBCF) Logo

The stock of ADELAIDE BRIGHTON LTD AUSTRALIA ORDINA (OTCMKTS:ADBCF) registered a decrease of 6.26% in short interest. ADBCF’s total short interest was 319,200 shares in June as published by FINRA. Its down 6.26% from 340,500 shares, reported previously. With 100 shares average volume, it will take short sellers 3192 days to cover their ADBCF’s short positions. The short interest to ADELAIDE BRIGHTON LTD AUSTRALIA ORDINA’s float is 0.08%.

It closed at $5.2 lastly. It is down 0.00% since June 16, 2017 and is . It has underperformed by 12.57% the S&P500.

Adelaide Brighton Limited produces, imports, distributes, and markets construction materials in Australia. The company has market cap of $3.34 billion. The firm operates in two divisions Cement, Lime, Concrete and Aggregates; and Concrete Products. It currently has negative earnings. It offers cement, cementitious products, lime, premixed concrete, aggregates, and sand, as well as concrete bricks, blocks, pavers, retaining walls, erosion control products, architectural masonry products, and reconstituted stone veneers.

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