Aecon Group Inc. (OTCMKTS:AEGXF – Get Free Report) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 648,524 shares, a decrease of 49.5% from the July 30th total of 1,284,199 shares. Based on an average daily volume of 44,763 shares, the days-to-cover ratio is currently 14.5 days.
Aecon Group Trading Down 4.2%
AEGXF opened at $31.73 on Friday. Aecon Group has a 1-year low of $15.00 and a 1-year high of $41.95. The firm’s 50 day simple moving average is $33.77 and its two-hundred day simple moving average is $32.51.
Wall Street Analysts Forecast Growth
Separately, Raymond James Financial raised Aecon Group from an “outperform” rating to an “outperform” rating in a research note on Friday, July 3rd. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Aecon Group currently has a consensus rating of “Hold”.
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.
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