Bird Construction Inc. (OTCMKTS:BIRDF) Sees Significant Decline in Short Interest

Bird Construction Inc. (OTCMKTS:BIRDF) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 85,000 shares, a decline of 14.7% from the March 15th total of 99,700 shares. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is currently 21.8 days.

Bird Construction Price Performance

BIRDF remained flat at $13.46 on Tuesday. 90 shares of the company were exchanged, compared to its average volume of 2,505. The business has a 50-day moving average of $13.10 and a 200 day moving average of $10.67. Bird Construction has a 1-year low of $6.07 and a 1-year high of $14.18.

Wall Street Analysts Forecast Growth

Separately, 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.

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.