Bombardier Inc. (OTCMKTS:BDRBF – Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 809,800 shares, a decrease of 9.9% from the August 15th total of 898,500 shares. Based on an average daily volume of 25,800 shares, the days-to-cover ratio is currently 31.4 days.
Bombardier Price Performance
OTCMKTS:BDRBF opened at $70.88 on Thursday. The firm has a 50 day simple moving average of $65.91 and a 200-day simple moving average of $57.32. Bombardier has a 1-year low of $29.22 and a 1-year high of $72.39.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets lifted their price objective on Bombardier from $95.00 to $129.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd.
Bombardier Company Profile
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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