Bird Construction Inc. (OTCMKTS:BIRDF) Short Interest Update

Bird Construction Inc. (OTCMKTS:BIRDF) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 148,000 shares, an increase of 48.4% from the May 31st total of 99,700 shares. Based on an average trading volume of 10,000 shares, the days-to-cover ratio is presently 14.8 days.

Bird Construction Price Performance

Shares of Bird Construction stock traded up $0.15 during trading on Friday, reaching $19.75. 122 shares of the company’s stock were exchanged, compared to its average volume of 3,562. Bird Construction has a 1-year low of $6.29 and a 1-year high of $19.75. The firm’s 50-day moving average price is $16.22 and its 200 day moving average price is $13.57.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Stifel Nicolaus upped their target price on Bird Construction from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Raymond James upped their target price on Bird Construction from $18.50 to $20.50 and gave the company an “outperform” rating in a research report on Wednesday, March 6th.

About Bird Construction

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.