Short Interest in Air Canada (OTCMKTS:ACDVF) Decreases By 26.7%

Air Canada (OTCMKTS:ACDVF) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 9,070,700 shares, a decline of 26.7% from the October 15th total of 12,379,200 shares. Based on an average daily volume of 265,000 shares, the short-interest ratio is presently 34.2 days.

Air Canada Stock Up 2.9 %

ACDVF stock opened at $17.29 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 9.32. The firm has a 50-day moving average of $13.13 and a two-hundred day moving average of $12.74. Air Canada has a 12 month low of $10.16 and a 12 month high of $17.29. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 3.57 and a beta of 2.05.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly 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. Air Canada had a return on equity of 133.91% and a net margin of 11.53%. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.48 billion. As a group, analysts forecast that Air Canada will post 2.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.