Héroux-Devtek Inc. (OTCMKTS:HERXF) Sees Large Growth in Short Interest

Héroux-Devtek Inc. (OTCMKTS:HERXFGet Rating) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 23,700 shares, a growth of 82.3% from the April 15th total of 13,000 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 118.5 days.

Several brokerages have recently issued reports on HERXF. National Bank Financial upped their price target on shares of Héroux-Devtek from C$23.00 to C$26.00 in a report on Thursday, January 20th. Scotiabank reduced their price target on Héroux-Devtek from C$25.00 to C$24.00 in a report on Thursday, February 10th. Finally, Desjardins reduced their price target on Héroux-Devtek from C$26.00 to C$25.00 in a report on Friday, February 11th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $23.70.

HERXF opened at $11.16 on Friday. Héroux-Devtek has a twelve month low of $10.49 and a twelve month high of $15.38. The company has a fifty day moving average of $12.92 and a 200-day moving average of $13.60.

About Héroux-Devtek (Get Rating)

Héroux-Devtek Inc engages in the design, development, manufacture, assembling, and repair and overhaul of aircraft landing gears, hydraulic and electromechanical flight control actuators, custom ball screws, and fracture-critical components. The company is also involved in the surface treatment of landing gear components; assembling and installation of aircraft components at customer assembly lines, as well as offers electronic enclosures, heat exchangers, cabinets, and titanium components.

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