Short Interest in Rockwool A/S (OTCMKTS:RKWBF) Increases By 22.7%

Rockwool A/S (OTCMKTS:RKWBFGet Rating) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 8,100 shares, an increase of 22.7% from the May 15th total of 6,600 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 81.0 days.

Shares of RKWBF remained flat at $$248.00 during midday trading on Friday. The firm has a 50-day moving average price of $270.19 and a 200-day moving average price of $345.69. Rockwool A/S has a 52-week low of $192.37 and a 52-week high of $531.25.

Several equities research analysts recently issued reports on RKWBF shares. Berenberg Bank reduced their price objective on Rockwool A/S from 2,700.00 to 2,100.00 and set a “hold” rating for the company in a research note on Friday, June 10th. Societe Generale raised Rockwool A/S from a “sell” rating to a “hold” rating in a research note on Friday, May 20th. Finally, JPMorgan Chase & Co. started coverage on Rockwool A/S in a research note on Thursday, March 17th. They issued an “underweight” rating for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Rockwool A/S currently has a consensus rating of “Hold” and an average target price of $2,631.25.

Rockwool A/S Company Profile (Get Rating)

Rockwool A/S manufactures and sells stone wool insulations in Western Europe, Eastern Europe, North America, Asia, and internationally. The company operates through two segments, Insulation and Systems segments. It offers fire-safe stone wool insulation under the ROCKWOOL brand name; fire-safe acoustic ceiling tiles and systems under the Rockfon brand name; board materials that are applied in ventilated constructions for facade cladding, roof detailing, soffits, and fascia under the Rockpanel brand name; stone wool growing media and technology solutions for the horticulture industry under the Grodan brand name; and stone wool-based products used in automotive, urban acoustics, and urban climate adaptation applications under the Lapinus brand name.

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