Short Interest in Bird Construction Inc. (OTCMKTS:BIRDF) Increases By 37.9%

Bird Construction Inc. (OTCMKTS:BIRDF) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 149,600 shares, an increase of 37.9% from the June 30th total of 108,500 shares. Based on an average trading volume of 2,700 shares, the short-interest ratio is currently 55.4 days.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upped their target price on shares of Bird Construction from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th.

Bird Construction Stock Performance

Shares of BIRDF traded up $0.16 during trading hours on Friday, reaching $18.87. 459 shares of the company’s stock traded hands, compared to its average volume of 3,222. Bird Construction has a 12 month low of $6.55 and a 12 month high of $20.44. The firm’s 50 day simple moving average is $18.05 and its 200-day simple moving average is $14.80.

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.