Air China Limited (OTCMKTS:AICAF) Sees Large Growth in Short Interest

Air China Limited (OTCMKTS:AICAF) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 3,870,000 shares, an increase of 139.5% from the September 15th total of 1,615,600 shares. Based on an average trading volume of 6,000 shares, the short-interest ratio is currently 645.0 days.

Several equities analysts recently issued reports on the company. DBS Vickers raised Air China from a “hold” rating to a “buy” rating and set a 8.80 target price on the stock in a research note on Tuesday, September 7th. HSBC raised Air China from a “reduce” rating to a “hold” rating in a research note on Friday, July 16th. Finally, JPMorgan Chase & Co. lowered Air China from an “overweight” rating to a “neutral” rating in a research note on Friday, July 30th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $8.80.

OTCMKTS AICAF remained flat at $$0.69 during trading hours on Thursday. The company’s fifty day moving average price is $0.66 and its 200 day moving average price is $0.74. Air China has a 12-month low of $0.60 and a 12-month high of $0.97.

Air China Company Profile

Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, Europe, North America, Japan, Korea, the Asia Pacific, and internationally. The company operates through Airline Operations and Other Operations segments.

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