Air China Limited (OTCMKTS:AICAF) Short Interest Up 563.9% in March

Air China Limited (OTCMKTS:AICAF) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,853,364 shares, an increase of 563.9% from the February 26th total of 429,798 shares. Based on an average daily volume of 24,800 shares, the short-interest ratio is presently 115.1 days.

Air China Stock Performance

OTCMKTS:AICAF opened at $0.67 on Thursday. The company’s 50-day moving average is $0.90 and its two-hundred day moving average is $0.81. Air China has a 1-year low of $0.53 and a 1-year high of $0.94.

About Air China

Air China Limited operates as the flag carrier and one of the major airlines of the People’s Republic of China. Headquartered in Beijing, the company emerged from the restructuring of the Civil Aviation Administration of China in the early 2000s. It is a state-controlled enterprise under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council and is a subsidiary of China National Aviation Holding.

The company provides scheduled passenger and cargo services, offering a broad network of domestic and international routes.