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

Boyd Group Services Inc. (OTCMKTS:BYDGF) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 138,800 shares, a growth of 53.9% from the October 31st total of 90,200 shares. Based on an average daily volume of 9,700 shares, the short-interest ratio is presently 14.3 days.

Boyd Group Services Price Performance

OTCMKTS:BYDGF remained flat at $158.89 during mid-day trading on Friday. 23,047 shares of the company were exchanged, compared to its average volume of 9,082. The company has a quick ratio of 0.55, a current ratio of 0.70 and a debt-to-equity ratio of 0.62. The business has a 50 day simple moving average of $155.81 and a 200-day simple moving average of $167.38. The stock has a market capitalization of $3.41 billion, a PE ratio of 76.39 and a beta of 0.61. Boyd Group Services has a fifty-two week low of $143.50 and a fifty-two week high of $244.81.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Stifel Canada raised shares of Boyd Group Services to a “strong-buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada raised Boyd Group Services to a “moderate buy” rating in a report on Wednesday, November 6th. The Goldman Sachs Group raised Boyd Group Services to a “strong sell” rating in a report on Thursday, August 8th. Finally, Cibc World Mkts raised Boyd Group Services to a “strong-buy” rating in a research note on Friday, August 9th.

Boyd Group Services Company Profile

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.