Boyd Group Services Inc. (OTCMKTS:BYDGF) Sees Large Increase in Short Interest

Boyd Group Services Inc. (OTCMKTS:BYDGF) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 217,000 shares, an increase of 60.9% from the December 15th total of 134,900 shares. Based on an average daily trading volume, of 7,400 shares, the short-interest ratio is currently 29.3 days.

Boyd Group Services Stock Up 0.8 %

OTCMKTS:BYDGF traded up $1.25 during mid-day trading on Wednesday, hitting $149.35. The stock had a trading volume of 4,804 shares, compared to its average volume of 7,058. Boyd Group Services has a twelve month low of $140.89 and a twelve month high of $244.81. The stock has a 50-day simple moving average of $152.39 and a two-hundred day simple moving average of $160.40. The company has a current ratio of 0.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $3.21 billion, a PE ratio of 78.19 and a beta of 0.57.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank of Canada upgraded shares of Boyd Group Services to a “moderate buy” rating in a research note on Wednesday, November 6th. Stifel Canada raised Boyd Group Services to a “strong-buy” rating in a research note on Tuesday, October 15th.

About Boyd Group Services

Boyd Group Services Inc, together with its subsidiaries, operates non-franchised collision repair centers in North America. The company operates its locations under the Boyd Autobody & Glass and Assured Automotive names in Canada; and Gerber Collision & Glass name in the United States. It also operates as a retail auto glass operator under the Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com names in the United States.