Short Interest in Air Canada (OTCMKTS:ACDVF) Increases By 50.2%

Air Canada (OTCMKTS:ACDVFGet Free Report) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 9,035,900 shares, a growth of 50.2% from the December 15th total of 6,017,600 shares. Based on an average daily trading volume, of 252,200 shares, the days-to-cover ratio is presently 35.8 days.

Air Canada Stock Performance

Shares of ACDVF stock opened at $14.82 on Wednesday. Air Canada has a 52 week low of $10.16 and a 52 week high of $18.56. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 3.06 and a beta of 2.12. The company has a 50-day simple moving average of $16.52 and a 200 day simple moving average of $13.73. 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:ACDVFGet Free Report) last issued its quarterly earnings results on Friday, November 1st. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.72. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.48 billion. Air Canada had a net margin of 11.53% and a return on equity of 82.89%. On average, sell-side analysts predict that Air Canada will post 2.51 earnings per share for the current year.

Analyst Ratings Changes

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

Read Our Latest Research Report on ACDVF

About Air Canada

(Get Free Report)

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.

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