Bombardier Inc. (OTCMKTS:BDRBF – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 899,900 shares, a growth of 11.1% from the August 31st total of 809,800 shares. Based on an average trading volume of 40,500 shares, the short-interest ratio is currently 22.2 days.
Bombardier Stock Up 0.1 %
OTCMKTS BDRBF traded up $0.05 on Friday, hitting $74.27. 27,683 shares of the company were exchanged, compared to its average volume of 37,679. Bombardier has a 1-year low of $29.22 and a 1-year high of $75.02. The firm has a 50 day moving average of $66.28 and a two-hundred day moving average of $58.86.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets boosted their target price on Bombardier from $95.00 to $129.00 and gave the stock an “outperform” rating in a 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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