Short Interest in Bombardier Inc. (OTCMKTS:BDRBF) Increases By 23.7%

Bombardier Inc. (OTCMKTS:BDRBF) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,884,400 shares, a growth of 23.7% from the August 15th total of 1,523,000 shares. Based on an average daily volume of 144,200 shares, the short-interest ratio is presently 13.1 days. Based on an average daily volume of 144,200 shares, the short-interest ratio is presently 13.1 days.

Bombardier Stock Up 1.8%

Shares of Bombardier stock opened at $130.44 on Friday. Bombardier has a twelve month low of $45.63 and a twelve month high of $131.00. The firm’s 50-day moving average price is $118.56 and its 200 day moving average price is $86.35.

Wall Street Analyst Weigh In

BDRBF has been the topic of several analyst reports. Barclays reaffirmed an “underweight” rating on shares of Bombardier in a research report on Monday, August 4th. Scotiabank raised shares of Bombardier from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 2nd. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Bombardier presently has a consensus rating of “Moderate Buy”.

About Bombardier

Bombardier Inc engages in the design, manufacture, and sale of business aircraft and aircraft structural components worldwide. It provides new aircraft, specialized aircraft solutions, and pre-owned aircraft. The company also offers aftermarket services, including parts, service centers, smart services, training, and technical publications.