Bombardier Inc. (OTCMKTS:BDRBF) Sees Significant Decline in Short Interest

Bombardier Inc. (OTCMKTS:BDRBF) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 809,800 shares, a decline of 9.9% from the August 15th total of 898,500 shares. Based on an average trading volume of 25,800 shares, the days-to-cover ratio is currently 31.4 days.

Analyst Ratings Changes

Separately, BMO Capital Markets increased 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 Trading Up 4.6 %

Shares of Bombardier stock opened at $70.22 on Wednesday. Bombardier has a 12-month low of $29.22 and a 12-month high of $72.39. The company has a 50-day simple moving average of $65.86 and a 200 day simple moving average of $57.22.

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.