Bombardier Inc. (OTCMKTS:BDRBF) Sees Large Drop in Short Interest

Bombardier Inc. (OTCMKTS:BDRBF) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 1,242,300 shares, a decline of 14.0% from the August 15th total of 1,444,200 shares. Based on an average daily volume of 14,800 shares, the short-interest ratio is currently 83.9 days.

Bombardier Stock Down 1.1 %

OTCMKTS BDRBF opened at $36.25 on Monday. The business has a 50 day moving average price of $42.16 and a 200 day moving average price of $45.18. Bombardier has a 1-year low of $17.79 and a 1-year high of $55.25.

Wall Street Analyst Weigh In

BDRBF has been the subject of several research reports. Desjardins reduced their target price on Bombardier from C$100.00 to C$99.00 in a report on Friday, August 4th. TD Securities boosted their target price on Bombardier from C$87.00 to C$92.00 in a report on Friday, August 4th. Royal Bank of Canada boosted their target price on Bombardier from C$103.00 to C$104.00 in a report on Friday, August 4th. Finally, National Bank Financial boosted their target price on Bombardier from C$85.00 to C$93.00 in a report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Bombardier presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.00.

About Bombardier

Bombardier Inc engages in the manufacture and sale of business aircraft and aircraft structural components 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.