Air Canada (OTCMKTS:ACDVF) Short Interest Update

Air Canada (OTCMKTS:ACDVF) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 5,880,000 shares, a decrease 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.

Wall Street Analysts Forecast Growth

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

Air Canada Price Performance

OTCMKTS:ACDVF opened at $17.55 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. Air Canada has a 52 week low of $10.16 and a 52 week high of $17.85. The stock’s 50-day moving average price is $14.37 and its 200-day moving average price is $13.00. The stock has a market capitalization of $6.29 billion, a PE ratio of 3.63 and a beta of 2.05.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $4.48 billion. Air Canada had a return on equity of 82.89% and a net margin of 11.53%. As a group, equities analysts expect that Air Canada will post 2.43 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.