Bird Construction Inc. (OTCMKTS:BIRDF) Sees Significant Growth in Short Interest

Bird Construction Inc. (OTCMKTS:BIRDF) was the target of a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 197,900 shares, a growth of 28.1% from the July 31st total of 154,500 shares. Based on an average trading volume of 10,600 shares, the days-to-cover ratio is currently 18.7 days.

Bird Construction Trading Down 0.7 %

Shares of BIRDF opened at $16.85 on Friday. The stock has a 50-day simple moving average of $18.29 and a 200-day simple moving average of $15.85. Bird Construction has a 1 year low of $7.32 and a 1 year high of $20.44.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus raised their target price on Bird Construction from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th.

Bird Construction Company Profile

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.