Bombardier Inc. (OTCMKTS:BDRBF – Get Free Report) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 809,800 shares, a drop of 9.9% from the August 15th total of 898,500 shares. Based on an average daily trading volume, of 25,800 shares, the days-to-cover ratio is presently 31.4 days.
Bombardier Trading Up 4.6 %
Shares of OTCMKTS:BDRBF opened at $70.22 on Wednesday. The company has a 50 day moving average of $65.86 and a 200-day moving average of $57.22. Bombardier has a one year low of $29.22 and a one year high of $72.39.
Wall Street Analyst Weigh In
Separately, BMO Capital Markets upped their price objective on Bombardier from $95.00 to $129.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd.
About Bombardier
Bombardier Inc engages in the design, manufacture, and sale of business aircraft and aircraft structural components worldwide. It provides new aircraft, specialized aircraft solutions, and pre-owned aircraft. The company also offers aftermarket services, including parts, service centers, smart services, training, and technical publications.
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