Boyd Group Services Inc. (OTCMKTS:BYDGF) Sees Large Decline in Short Interest

Boyd Group Services Inc. (OTCMKTS:BYDGF) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 134,900 shares, a decrease of 9.9% from the November 30th total of 149,700 shares. Based on an average daily volume of 7,700 shares, the days-to-cover ratio is currently 17.5 days.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Stifel Canada upgraded Boyd Group Services to a “strong-buy” rating in a research report on Tuesday, October 15th. Royal Bank of Canada upgraded shares of Boyd Group Services to a “moderate buy” rating in a research report on Wednesday, November 6th.

Boyd Group Services Price Performance

Shares of OTCMKTS BYDGF traded up $0.58 during trading hours on Tuesday, reaching $150.58. 952 shares of the stock traded hands, compared to its average volume of 2,442. The company’s 50-day simple moving average is $153.79 and its two-hundred day simple moving average is $163.37. The company has a market capitalization of $3.23 billion, a P/E ratio of 78.84 and a beta of 0.56. Boyd Group Services has a 52-week low of $142.14 and a 52-week high of $244.81. The company has a quick ratio of 0.55, a current ratio of 0.70 and a debt-to-equity ratio of 0.62.

About Boyd Group Services

Boyd Group Services Inc, together with its subsidiaries, operates non-franchised collision repair centers in North America. The company operates its locations under the Boyd Autobody & Glass and Assured Automotive names in Canada; and Gerber Collision & Glass name in the United States. It also operates as a retail auto glass operator under the Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com names in the United States.