Bid Co. Limited (OTCMKTS:BPPPF – Get Free Report) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 9,900 shares, an increase of 32.0% from the May 15th total of 7,500 shares. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is presently 4.1 days.
BID Stock Performance
OTCMKTS BPPPF opened at $26.20 on Tuesday. The stock’s 50-day moving average is $24.39 and its two-hundred day moving average is $23.96. BID has a fifty-two week low of $23.35 and a fifty-two week high of $26.20.
Wall Street Analyst Weigh In
Separately, Investec lowered BID to a “hold” rating in a report on Monday, May 5th.
About BID
Bid Corporation Limited engages in the provision of foodservice solutions in Australasia, New Zealand, the United Kingdom, Europe, Africa, South America, Asia, the Middle East, and internationally. The company distributes fresh ingredients, including fish, seafood, meat, produce, dairy products, liquor, and ambient goods for the hospitality, hotel, restaurant, café, institutional, catering, and retail sectors; and develops e-commerce solutions.
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