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

Aecon Group Inc. (OTCMKTS:AEGXF) was the target of a large 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 currently 17.4 days.

Wall Street Analysts Forecast Growth

AEGXF has been the topic of a number of research analyst reports. TD Securities restated a “buy” rating on shares of Aecon Group in a research report on Thursday, April 30th. BMO Capital Markets restated a “market perform” rating on shares of Aecon Group in a research 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, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Aecon Group in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Aecon Group Stock Up 4.3%

OTCMKTS:AEGXF opened at $32.17 on Tuesday. The stock’s fifty day moving average price is $34.14 and its two-hundred day moving average price is $28.62. Aecon Group has a 52-week low of $12.65 and a 52-week high of $41.95.

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.