Air China Ltd. (OTCMKTS:AIRYY) Sees Significant Increase in Short Interest

Air China Ltd. (OTCMKTS:AIRYY) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 46 shares, a growth of ? from the August 15th total of 0 shares. Based on an average trading volume of 344 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Air China Price Performance

Shares of OTCMKTS AIRYY opened at $9.05 on Wednesday. The company has a market capitalization of $7.89 billion, a price-to-earnings ratio of 28.27 and a beta of 0.13. The company has a debt-to-equity ratio of 4.13, a current ratio of 0.30 and a quick ratio of 0.26. The business has a 50-day moving average of $10.24 and a two-hundred day moving average of $11.75. Air China has a 1 year low of $9.05 and a 1 year high of $19.00.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Air China to a “hold” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Air China Company Profile

Air China Limited is a China-based airline and the country’s national flag carrier. Headquartered in Beijing, the company provides scheduled passenger and air cargo transportation services, along with aircraft maintenance, airport services and other aviation-related activities.

Founded in 1988, Air China operates an extensive network linking major cities in mainland China with destinations across Asia, Europe, North America, Oceania and other international markets. Its services include domestic and international flights, connecting passengers through key hubs such as Beijing, Chengdu and Shanghai.

Air China is part of China National Aviation Holding Corporation and has interests in or relationships with several aviation businesses, including Shenzhen Airlines and Air Macau.