Héroux-Devtek Inc. (OTCMKTS:HERXF) Short Interest Up 38.6% in March

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Héroux-Devtek Inc. (OTCMKTS:HERXF) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 21,200 shares, an increase of 38.6% from the March 15th total of 15,300 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 212.0 days.

HERXF has been the topic of a number of recent research reports. Scotiabank raised their price objective on Héroux-Devtek from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, February 8th. TD Securities lowered Héroux-Devtek from a “buy” rating to a “hold” rating in a research note on Monday, April 5th. Desjardins lifted their price target on Héroux-Devtek from $20.00 to $22.00 and gave the company a “top pick” rating in a research note on Tuesday, February 9th. Finally, National Bank Financial reiterated an “outperform” rating on shares of Héroux-Devtek in a research note on Monday, February 8th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $18.63.

HERXF stock remained flat at $$13.42 during midday trading on Monday. Héroux-Devtek has a 1-year low of $6.70 and a 1-year high of $13.42. The company’s 50 day moving average is $12.82 and its 200-day moving average is $10.62.

About Héroux-Devtek

Héroux-Devtek Inc engages in the design, development, manufacture, and repair and overhaul of aircraft landing gears, hydraulic and electromechanical flight control actuators, custom ball screws, and fracture-critical components. The company is also involved in the designing, developing, manufacturing, assembling, and testing fluid filtration applications; and provides various products for aero engine fuel and oil systems, aircraft hydraulic systems, pressure differential indicators, and by-pass and other valves.

See Also: Sell-Side Analysts

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