Short interest surged 39% over the past month to 23.2 million shares, while options traders turn bullish. Put-call ratio has collapsed to 0.20, well below its 20-day average of 0.30.
Short interest stands at 23.2 million shares as of April 22nd. That's up 5.8% over the past week and 39.4% over the past month. The build accelerated sharply in early April, rising from 16.5 million shares in mid-March. Days to cover sits at 2.48 based on the latest official FINRA data. Utilisation is moderate at 19.6%, down from a 52-week high of 26.6% hit on April 16th.
The put-call ratio dropped to 0.20 on April 23rd. That's down from a recent high of 0.43 in mid-April. The 20-day mean PCR is 0.30, putting the current level 1.5 standard deviations below normal. The shift suggests options traders are positioned for upside. The PCR has been declining steadily since April 13th, when it peaked at 0.43.
No recent analyst rating changes or target price updates are available in the snapshot.
JHX last reported on February 10th, 2026. The stock is trading at $21.90, up 9% over the past week and 12% over the past month. Price action heading into this print has been constructive. The construction materials sector has benefited from a recovery in housing sentiment.
No active ORTEX Alpha signals are flagged for JHX at present.
The divergence between rising short interest and bullish options positioning creates a setup worth watching. Cost to borrow remains low at 0.52%, suggesting shares are still readily available despite the recent surge in shorts. Utilisation below 20% confirms ample supply. The company reports Tuesday morning before the bell.
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