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

Bird Construction Inc. (OTCMKTS:BIRDF) was the recipient 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 days-to-cover ratio is currently 14.8 days.

Bird Construction Trading Up 0.8 %

OTCMKTS:BIRDF traded up $0.15 on Friday, hitting $19.75. 122 shares of the company’s stock traded hands, 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 firm has a 50-day moving average price of $16.22 and a 200-day moving average price of $13.57.

Wall Street Analysts Forecast Growth

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

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.