Air Canada (OTCMKTS:ACDVF) Short Interest Update

Air Canada (OTCMKTS:ACDVF) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 5,880,000 shares, a decline of 35.2% from the October 31st total of 9,070,700 shares. Based on an average daily volume of 418,400 shares, the short-interest ratio is presently 14.1 days.

Analyst Ratings Changes

Separately, Stifel Canada raised 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 0.2 %

OTCMKTS ACDVF opened at $17.55 on Friday. Air Canada has a 12-month low of $10.16 and a 12-month high of $17.85. The company has a fifty day simple moving average of $14.37 and a two-hundred day simple moving average of $13.00. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 3.47. The stock has a market cap of $6.29 billion, a P/E ratio of 3.63 and a beta of 2.05.

Air Canada (OTCMKTS:ACDVF) last issued its earnings results on Friday, November 1st. The company reported $1.88 earnings per share (EPS) 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 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, analysts forecast that Air Canada will post 2.43 earnings per share for the current 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.