Bird Construction Inc. (OTCMKTS:BIRDF) Short Interest Up 48.4% in June

Bird Construction Inc. (OTCMKTS:BIRDF) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 148,000 shares, a growth of 48.4% from the May 31st total of 99,700 shares. Based on an average trading volume of 10,000 shares, the days-to-cover ratio is presently 14.8 days.

Analysts Set New Price Targets

A number of brokerages recently commented on BIRDF. Raymond James lifted their price target on Bird Construction from $18.50 to $20.50 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Stifel Nicolaus boosted their target price on Bird Construction from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th.

Bird Construction Trading Up 0.6 %

BIRDF opened at $19.75 on Monday. The stock has a 50-day moving average price of $16.22 and a 200-day moving average price of $13.60. Bird Construction has a 12-month low of $6.29 and a 12-month high of $19.75.

About Bird Construction

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.