Bombardier Inc. (OTCMKTS:BDRBF) Short Interest Down 24.0% in December

Bombardier Inc. (OTCMKTS:BDRBFGet Rating) was the target of a large drop in short interest during the month of December. As of December 30th, there was short interest totalling 368,100 shares, a drop of 24.0% from the December 15th total of 484,600 shares. Based on an average daily trading volume, of 77,700 shares, the short-interest ratio is currently 4.7 days.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BDRBF shares. TD Securities lifted their price objective on Bombardier from C$73.00 to C$78.00 in a research note on Friday, November 4th. National Bank Financial lifted their price objective on Bombardier from C$61.00 to C$65.00 in a research note on Friday, January 13th. Royal Bank of Canada lifted their price objective on Bombardier from C$49.00 to C$58.00 in a research note on Friday, November 4th. Scotiabank lifted their price objective on Bombardier from C$55.00 to C$75.00 in a research note on Wednesday. Finally, Cowen lifted their price objective on Bombardier from $30.00 to $46.00 in a research note on Tuesday, November 15th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.91.

Bombardier Stock Performance

Shares of Bombardier stock opened at $46.57 on Friday. Bombardier has a twelve month low of $14.09 and a twelve month high of $48.45. The business has a 50-day moving average price of $38.39 and a 200 day moving average price of $27.99.

About Bombardier

(Get Rating)

Bombardier Inc engages in the manufacture and sale of business aircraft in Europe, North America, the Asia Pacific, and internationally. It provides new aircraft, specialized aircraft solutions, and pre-owned aircraft. The company also offers aftermarket services, including parts, smart services, service centers, training, and technical publications.

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