Aecon Group Inc. (OTCMKTS:AEGXF) Short Interest Update

Aecon Group Inc. (OTCMKTS:AEGXF) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 648,524 shares, a decline 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.

Analysts Set New Price Targets

Separately, Raymond James Financial upgraded Aecon Group from an “outperform” rating to an “outperform” rating in a report on Friday, July 3rd. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Aecon Group Price Performance

Shares of 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 company’s fifty day moving average price is $33.77 and its 200-day moving average price is $32.51.

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.