Bird Construction Inc. (OTCMKTS:BIRDF) Short Interest Down 14.2% in December

Bird Construction Inc. (OTCMKTS:BIRDFGet Rating) saw a large drop in short interest during the month of December. As of December 30th, there was short interest totalling 87,700 shares, a drop of 14.2% from the December 15th total of 102,200 shares. Based on an average daily volume of 1,100 shares, the short-interest ratio is presently 79.7 days.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BIRDF. Raymond James upgraded Bird Construction from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 9th. Stifel Nicolaus lifted their price target on Bird Construction from C$11.50 to C$13.00 in a research note on Tuesday, December 20th. Finally, TD Securities lifted their price target on Bird Construction from C$8.00 to C$9.00 in a research note on Wednesday, December 21st.

Bird Construction Stock Performance

Shares of BIRDF stock opened at $6.50 on Friday. Bird Construction has a twelve month low of $4.14 and a twelve month high of $7.69. The stock’s fifty day simple moving average is $5.68 and its 200 day simple moving average is $5.26.

About Bird Construction

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Bird Construction Inc operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional sectors of the general contracting industry. It constructs industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; undertakes structural, mechanical, piping, electrical, and instrumentation works that include off-site metal and modular fabrication; and provides insulation, metal siding and cladding, ductwork, asbestos abatement, and high voltage testing and commissioning services, as well as constructs power lines.

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