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

Bombardier Inc. (OTCMKTS:BDRBF) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 716,100 shares, a decline of 6.9% from the December 31st total of 768,800 shares. Based on an average trading volume of 38,000 shares, the days-to-cover ratio is currently 18.8 days.

Bombardier Stock Performance

Shares of BDRBF stock traded down $1.59 on Friday, hitting $58.55. 84,377 shares of the stock traded hands, compared to its average volume of 33,689. The company’s fifty day moving average is $67.18 and its 200 day moving average is $68.97. Bombardier has a 1-year low of $31.86 and a 1-year high of $82.21.

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.