Aecon Group Inc. (OTCMKTS:AEGXF) Short Interest Up 76.8% in May

Aecon Group Inc. (OTCMKTS:AEGXFGet Free Report) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 419,584 shares, an increase of 76.8% from the May 14th total of 237,261 shares. Based on an average trading volume of 24,049 shares, the days-to-cover ratio is currently 17.4 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Aecon Group in a report on Thursday, April 30th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Aecon Group in a report on Wednesday, April 29th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Aecon Group in a report on Thursday, April 30th. Finally, TD Securities reaffirmed a “buy” rating on shares of Aecon Group in a report on Thursday, April 30th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Get Our Latest Stock Report on AEGXF

Aecon Group Price Performance

Aecon Group stock opened at $30.86 on Monday. The stock has a 50-day simple moving average of $34.11 and a 200 day simple moving average of $28.52. Aecon Group has a 12-month low of $12.65 and a 12-month high of $41.95.

Aecon Group Company Profile

(Get Free Report)

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.

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