Air Canada (OTCMKTS:ACDVF) Short Interest Update

Air Canada (OTCMKTS:ACDVF) saw a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 5,880,000 shares, a drop of 35.2% from the October 31st total of 9,070,700 shares. Based on an average daily trading volume, of 418,400 shares, the short-interest ratio is presently 14.1 days.

Analyst Ratings Changes

Separately, Stifel Canada raised shares of Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 3rd.

Air Canada Trading Up 1.3 %

OTCMKTS ACDVF opened at $17.77 on Friday. The firm has a market capitalization of $6.37 billion, a PE ratio of 3.67 and a beta of 2.05. Air Canada has a one year low of $10.16 and a one year high of $17.85. The company has a 50-day simple moving average of $14.49 and a 200-day simple moving average of $13.02. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.89 and a current ratio of 0.92.

Air Canada (OTCMKTS:ACDVF) last posted its earnings results on Friday, November 1st. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.16 by $0.72. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.48 billion. Air Canada had a return on equity of 82.89% and a net margin of 11.53%. On average, equities analysts forecast that Air Canada will post 2.43 earnings per share for the current year.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.