Bombardier Inc. (OTCMKTS:BDRBF) Short Interest Up 13.6% in July

Bombardier Inc. (OTCMKTS:BDRBF – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 1,666,100 shares, a growth of 13.6% from the July 15th total of 1,466,600 shares. Based on an average trading volume of 27,200 shares, the days-to-cover ratio is presently 61.3 days.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Scotiabank lifted their price target on Bombardier from C$83.00 to C$84.00 in a report on Friday, April 28th. Desjardins lowered their price objective on Bombardier from C$100.00 to C$99.00 in a research report on Friday, August 4th. TD Securities raised their price objective on Bombardier from C$87.00 to C$92.00 in a research report on Friday, August 4th. National Bank Financial raised their price objective on Bombardier from C$85.00 to C$93.00 in a research report on Friday, August 4th. Finally, Royal Bank of Canada raised their price objective on Bombardier from C$103.00 to C$104.00 in a research report on Friday, August 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $84.00.

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Bombardier Stock Performance

Shares of Bombardier stock opened at $41.30 on Monday. Bombardier has a twelve month low of $17.79 and a twelve month high of $55.25. The business has a 50-day moving average price of $46.40 and a 200 day moving average price of $46.69.

About Bombardier

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

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