Short Interest in Aecon Group Inc. (OTCMKTS:AEGXF) Grows By 76.8%

Aecon Group Inc. (OTCMKTS:AEGXF) was the recipient of a significant increase in short interest during 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 short-interest ratio is presently 17.4 days.

Analysts Set New Price Targets

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

Aecon Group Trading Down 0.5%

AEGXF opened at $32.01 on Wednesday. Aecon Group has a 12-month low of $12.65 and a 12-month high of $41.95. The stock has a fifty day simple moving average of $34.17 and a two-hundred day simple moving average of $28.70.

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.