Short Interest in CRH plc (NYSE:CRH) Increases By 42.8% | MarketBeat

2022-08-13 04:42:43 By : Ms. Janet Wang

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CRH plc (NYSE:CRH - Get Rating) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 2,270,000 shares, a growth of 42.8% from the July 15th total of 1,590,000 shares. Based on an average daily trading volume, of 606,900 shares, the short-interest ratio is presently 3.7 days. CRH Price Performance

CRH opened at $39.37 on Friday. The company has a fifty day simple moving average of $36.59 and a 200 day simple moving average of $40.89. CRH has a twelve month low of $33.13 and a twelve month high of $54.54. The company has a quick ratio of 1.38, a current ratio of 1.85 and a debt-to-equity ratio of 0.48. Analyst Ratings Changes

Several brokerages recently issued reports on CRH. Berenberg Bank reduced their price objective on shares of CRH from €56.00 ($57.14) to €46.00 ($46.94) in a research note on Monday, June 13th. Citigroup reissued a "buy" rating on shares of CRH in a research note on Friday, June 17th. StockNews.com raised shares of CRH from a "buy" rating to a "strong-buy" rating in a research note on Friday, July 1st. JPMorgan Chase & Co. upped their price target on shares of CRH from €58.00 ($59.18) to €59.00 ($60.20) and gave the stock an "overweight" rating in a research report on Friday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of CRH from €56.00 ($57.14) to €50.00 ($51.02) and set a "buy" rating for the company in a research report on Tuesday, April 19th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $51.75.Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CRH. Yousif Capital Management LLC bought a new position in shares of CRH in the 4th quarter worth about $639,000. CWM LLC bought a new position in shares of CRH in the 4th quarter worth about $26,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of CRH by 59.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,479 shares of the construction company's stock worth $184,000 after buying an additional 1,292 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of CRH by 65.4% in the 4th quarter. Pacer Advisors Inc. now owns 24,187 shares of the construction company's stock worth $1,277,000 after buying an additional 9,561 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. increased its holdings in shares of CRH by 84.6% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 960 shares of the construction company's stock worth $51,000 after acquiring an additional 440 shares during the period. 12.67% of the stock is currently owned by institutional investors. About CRH (Get Rating)

CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates in three segments: Americas Materials, Europe Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, precast, ready mixed concrete, and asphalt products; concrete masonry and hardscape products comprising pavers, blocks and kerbs, retaining walls, and related patio products; and glass and glazing products, including architectural glass, custom-engineered curtain and window walls, architectural windows, storefront systems, doors, skylights, and architectural hardware.See AlsoGet a free copy of the StockNews.com research report on CRH (CRH)Institutions And Analysts Propel Jack In The Box Higher Can You Guess Which EV Stock Is Beating Tesla ?Look at Honeywell for a Steady and Diversified StockWhy Invest in High-Yield Dividend Stocks?Find and Profitably Trade Stocks at 52-Week Lows

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