Boyd Group Services Inc. (OTCMKTS:BYDGF) Short Interest Update

Boyd Group Services Inc. (OTCMKTS:BYDGFGet Rating) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 101,600 shares, a drop of 38.2% from the April 30th total of 164,500 shares. Based on an average daily volume of 7,600 shares, the days-to-cover ratio is currently 13.4 days.

A number of equities research analysts have issued reports on BYDGF shares. Raymond James cut their target price on Boyd Group Services from C$235.00 to C$195.00 in a research note on Friday, May 13th. BMO Capital Markets cut their target price on Boyd Group Services from C$188.00 to C$165.00 in a research note on Thursday, May 12th. TD Securities cut their target price on Boyd Group Services from C$220.00 to C$200.00 in a research note on Thursday, May 12th. CIBC cut their target price on Boyd Group Services from C$180.00 to C$175.00 in a research note on Monday, April 25th. Finally, Desjardins cut their price objective on shares of Boyd Group Services from C$244.00 to C$225.00 in a research note on Monday, February 7th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Boyd Group Services has an average rating of “Buy” and a consensus price target of $196.25.

Shares of OTCMKTS:BYDGF traded up $1.83 during mid-day trading on Friday, hitting $113.70. The stock had a trading volume of 50 shares, compared to its average volume of 1,155. Boyd Group Services has a 12-month low of $98.01 and a 12-month high of $214.43. The company’s 50 day moving average is $123.82 and its 200-day moving average is $138.99.

Boyd Group Services Company Profile (Get Rating)

Boyd Group Services Inc, together with its subsidiaries, operates non-franchised collision repair centers in North America. The company operates its locations under the Boyd Autobody & Glass and Assured Automotive names in Canada; and Gerber Collision & Glass name in the United States. It also operates as a retail auto glass operator under the Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com names in the United States.

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