Aecon Group Inc. (OTCMKTS:AEGXF – Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 1,284,199 shares, a growth of 170.8% from the July 15th total of 474,305 shares. Based on an average daily volume of 36,467 shares, the days-to-cover ratio is currently 35.2 days.
Aecon Group Stock Down 0.6%
Shares of OTCMKTS:AEGXF opened at $33.36 on Friday. The business’s 50-day moving average is $33.56 and its 200 day moving average is $32.05. Aecon Group has a 1 year low of $14.45 and a 1 year high of $41.95.
Wall Street Analyst Weigh In
AEGXF has been the topic of a number of recent analyst reports. Raymond James Financial upgraded shares of Aecon Group from an “outperform” rating to an “outperform” rating in a report on Friday, July 3rd. BMO Capital Markets reiterated a “market perform” rating on shares of Aecon Group in a research note on Wednesday, April 29th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Aecon Group in a research note on Thursday, April 30th. TD Securities reissued a “buy” rating on shares of Aecon Group in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada restated a “sector perform” 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 given a Hold rating to the stock. Based on data from MarketBeat.com, Aecon Group currently has an average rating of “Hold”.
About Aecon Group
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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