Aecon Group Inc. (OTCMKTS:AEGXF) Short Interest Update

Aecon Group Inc. (OTCMKTS:AEGXF) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,284,199 shares, an increase of 170.8% from the July 15th total of 474,305 shares. Based on an average trading volume of 36,467 shares, the days-to-cover ratio is currently 35.2 days.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. BMO Capital Markets restated a “market perform” rating on shares of Aecon Group in a research report on Wednesday, April 29th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Aecon Group in a report on Thursday, April 30th. Raymond James Financial raised shares of Aecon Group from an “outperform” rating to an “outperform” rating in a research report on Friday, July 3rd. Royal Bank Of Canada restated a “sector perform” rating on shares of Aecon Group in a report on Thursday, April 30th. Finally, TD Securities reiterated a “buy” rating on shares of Aecon Group in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Aecon Group Stock Down 0.6%

Shares of AEGXF stock opened at $33.36 on Friday. Aecon Group has a 12 month low of $14.45 and a 12 month high of $41.95. The company has a 50 day simple moving average of $33.56 and a two-hundred day simple moving average of $32.05.

Aecon Group Company Profile

Aecon Group Inc, trading on the OTC market under the symbol AEGXF, is one of Canada’s leading publicly listed infrastructure development and construction companies. Headquartered in Toronto, Ontario, Aecon delivers services across a broad spectrum of sectors, including transportation, energy, mining, and urban development. Since its origins in the late 19th century, Aecon has grown through a series of mergers and strategic acquisitions into a full-service contractor capable of executing projects of varying complexity and scale.

The company’s core business is organized into three main segments: Infrastructure, Urban Development and Concessions, and Industrial.