Short Interest in Air Canada (OTCMKTS:ACDVF) Rises By 20.1%

Air Canada (OTCMKTS:ACDVF) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 9,719,500 shares, an increase of 20.1% from the May 31st total of 8,089,600 shares. Based on an average trading volume of 138,800 shares, the short-interest ratio is currently 70.0 days.

Air Canada Trading Down 1.8 %

OTCMKTS:ACDVF opened at $12.86 on Tuesday. The company has a debt-to-equity ratio of 15.95, a current ratio of 0.85 and a quick ratio of 0.82. The firm has a 50-day moving average of $13.38 and a 200-day moving average of $13.67. The company has a market cap of $4.61 billion, a PE ratio of 3.08 and a beta of 2.04. Air Canada has a one year low of $11.52 and a one year high of $19.80.

Air Canada (OTCMKTS:ACDVF) last posted its earnings results on Thursday, May 2nd. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.22). The business had revenue of $3.88 billion for the quarter. Air Canada had a return on equity of 493.84% and a net margin of 9.92%. As a group, equities research analysts expect that Air Canada will post 2.64 EPS for the current fiscal year.

About Air Canada

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.