Bombardier Inc. (OTCMKTS:BDRBF – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 899,900 shares, an increase 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 Trading Up 2.4 %
OTCMKTS BDRBF opened at $76.04 on Tuesday. Bombardier has a one year low of $29.22 and a one year high of $76.06. The stock has a 50-day moving average of $66.28 and a 200 day moving average of $59.13.
Analyst Upgrades and Downgrades
Separately, BMO Capital Markets upped their price target on shares of Bombardier from $95.00 to $129.00 and gave the stock an “outperform” rating in a research note 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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