Is Buying AECON GROUP INC ORDINARY SHARES (OTCMKTS:AEGXF), Having Lower Short Interest a Winning Strategy?

April 17, 2018 - By Nellie Frank

Aecon Group Inc. (OTCMKTS:AEGXF) Logo

The stock of AECON GROUP INC ORDINARY SHARES (OTCMKTS:AEGXF) registered a decrease of 15.59% in short interest. AEGXF’s total short interest was 459,800 shares in April as published by FINRA. Its down 15.59% from 544,700 shares, reported previously. With 13,700 shares average volume, it will take short sellers 34 days to cover their AEGXF’s short positions. The short interest to AECON GROUP INC ORDINARY SHARES’s float is 0.8%.

It closed at $14.42 lastly. It is down 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Aecon Group Inc. provides construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. The company has market cap of $829.59 million. It operates through four divisions: Infrastructure, Energy, Mining, and Concessions. It has a 38.35 P/E ratio. The Infrastructure segment is involved in the construction of roads and bridges, and rail and transit systems, as well as in asphalt production and aggregates, municipal construction, commercial site design, and material engineering and design activities.

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