Short Interest in Wajax Co. (OTCMKTS:WJXFF) Increases By 158.7%

Wajax Co. (OTCMKTS:WJXFFGet Rating) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 11,900 shares, a growth of 158.7% from the October 15th total of 4,600 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 119.0 days.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WJXFF shares. Scotiabank increased their price objective on Wajax from C$23.50 to C$25.00 in a report on Wednesday. BMO Capital Markets cut their target price on Wajax from C$25.00 to C$23.00 in a research report on Wednesday.

Wajax Stock Performance

OTCMKTS:WJXFF opened at $15.47 on Friday. Wajax has a 12-month low of $12.86 and a 12-month high of $24.10. The stock’s fifty day simple moving average is $14.23 and its 200-day simple moving average is $15.71.

About Wajax

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Wajax Corporation provides sales, parts, and services to construction, forestry, mining, industrial/commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. The company offers compact excavators, dump trucks, excavators, wheel loaders, and wheeled excavators; aerial devices, boom lifts, cranes, digger derricks, drills, lifts, and material and scissor lifts; engines and transmissions; and feller bunchers, felling heads, flail debarkers, forestry processors, forwarders, grinders, log loaders, skidders, track and wheel harvesters, and wood chippers.

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