Short Interest in Bombardier Inc. (OTCMKTS:BDRBF) Increases By 11.1%

Bombardier Inc. (OTCMKTS:BDRBF) was the recipient of a significant increase in short interest in 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 daily volume of 40,500 shares, the days-to-cover ratio is presently 22.2 days.

Analyst Ratings Changes

Separately, BMO Capital Markets raised their price target on Bombardier from $95.00 to $129.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd.

Bombardier Price Performance

Shares of BDRBF traded up $0.05 during mid-day trading on Friday, reaching $74.27. 27,683 shares of the company were exchanged, compared to its average volume of 37,679. The business has a 50 day simple moving average of $66.28 and a two-hundred day simple moving average of $58.86. Bombardier has a 52 week low of $29.22 and a 52 week high of $75.02.

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.