Crh Plc (CRH) Short Interest Update

Crh Plc (NYSE:CRH) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,644,955 shares, an increase of 55.5% from the January 15th total of 1,057,532 shares. Based on an average daily trading volume, of 662,099 shares, the short-interest ratio is presently 2.5 days.

NYSE:CRH opened at $30.51 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 1.35. CRH has a one year low of $24.62 and a one year high of $38.46.

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Several large investors have recently bought and sold shares of CRH. Brandes Investment Partners LP increased its stake in shares of CRH by 194.2% in the 4th quarter. Brandes Investment Partners LP now owns 957,884 shares of the construction company’s stock worth $25,240,000 after purchasing an additional 632,291 shares in the last quarter. Jane Street Group LLC increased its stake in shares of CRH by 107.5% in the 4th quarter. Jane Street Group LLC now owns 986,519 shares of the construction company’s stock worth $25,995,000 after purchasing an additional 511,187 shares in the last quarter. FMR LLC increased its stake in shares of CRH by 4.6% in the 2nd quarter. FMR LLC now owns 11,025,282 shares of the construction company’s stock worth $389,744,000 after purchasing an additional 489,009 shares in the last quarter. Deutsche Bank AG increased its stake in shares of CRH by 551,608.5% in the 3rd quarter. Deutsche Bank AG now owns 452,401 shares of the construction company’s stock worth $14,801,000 after purchasing an additional 452,319 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of CRH by 19.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,164,845 shares of the construction company’s stock worth $57,044,000 after purchasing an additional 355,932 shares in the last quarter. Hedge funds and other institutional investors own 4.25% of the company’s stock.

A number of equities research analysts have weighed in on CRH shares. UBS Group reiterated a “buy” rating on shares of CRH in a research note on Tuesday, November 27th. Goldman Sachs Group reiterated a “buy” rating on shares of CRH in a research note on Monday, November 26th. Cfra reiterated a “buy” rating on shares of CRH in a research note on Wednesday, November 21st. Deutsche Bank reiterated a “hold” rating on shares of CRH in a research note on Monday, December 3rd. Finally, BNP Paribas reiterated a “neutral” rating on shares of CRH in a research note on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $36.00.

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About CRH

CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through six segments: Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, and Asia. The company manufactures and supplies cement, aggregates, asphalt, lime, and readymixed concrete and concrete products; and construction accessories, network access and perimeter protection products, shutters and awnings, and architectural products.

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