Air Canada (OTCMKTS:ACDVF) Sees Significant Growth in Short Interest

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

Analysts Set New Price Targets

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

Air Canada Trading Down 1.6 %

Air Canada stock opened at $14.18 on Friday. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 2.93 and a beta of 2.12. Air Canada has a 1 year low of $10.16 and a 1 year high of $18.56. The firm’s 50 day moving average price is $16.42 and its two-hundred day moving average price is $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:ACDVF) last released its quarterly earnings data on Friday, November 1st. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.72. The business 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, research analysts predict that Air Canada will post 2.52 EPS for the current fiscal 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.