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

Bird Construction Inc. (OTCMKTS:BIRDF) was the target of a significant 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 daily volume of 10,000 shares, the short-interest ratio is presently 14.8 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BIRDF shares. Raymond James lifted their price objective on Bird Construction from $18.50 to $20.50 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Stifel Nicolaus lifted their price objective on Bird Construction from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th.

Bird Construction Stock Up 0.8 %

OTCMKTS:BIRDF traded up $0.15 on Friday, reaching $19.75. The company’s stock had a trading volume of 122 shares, 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 business’s 50-day moving average price is $16.22 and its two-hundred day moving average price is $13.60.

Bird Construction Company Profile

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.