Advantage Energy Ltd. (OTCMKTS:AAVVF) Short Interest Up 14.4% in October

Advantage Energy Ltd. (OTCMKTS:AAVVF) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 2,543,300 shares, an increase of 14.4% from the October 15th total of 2,223,800 shares. Based on an average daily volume of 55,800 shares, the short-interest ratio is presently 45.6 days.

Analyst Upgrades and Downgrades

Separately, National Bank Financial downgraded shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th.

Advantage Energy Stock Performance

Shares of OTCMKTS AAVVF opened at $6.10 on Friday. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 30.52 and a beta of 1.64. Advantage Energy has a one year low of $5.90 and a one year high of $8.58. The business has a fifty day simple moving average of $6.66 and a 200 day simple moving average of $7.20. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42.

Advantage Energy (OTCMKTS:AAVVF) last announced its quarterly earnings data on Thursday, October 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). Advantage Energy had a net margin of 8.62% and a return on equity of 2.88%. The business had revenue of $106.19 million during the quarter, compared to analyst estimates of $119.27 million. Sell-side analysts expect that Advantage Energy will post 0.17 EPS for the current year.

Advantage Energy Company Profile

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.