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

Advantage Energy Ltd. (OTCMKTS:AAVVF) saw a large increase in short interest in 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 trading volume, of 55,800 shares, the short-interest ratio is currently 45.6 days.

Advantage Energy Trading Down 5.4 %

Shares of Advantage Energy stock opened at $6.10 on Friday. Advantage Energy has a 12-month low of $5.90 and a 12-month high of $8.58. The stock has a market capitalization of $1.02 billion, a P/E ratio of 30.52 and a beta of 1.64. The company has a 50-day simple moving average of $6.66 and a 200 day simple moving average of $7.20. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42.

Advantage Energy (OTCMKTS:AAVVF) last posted its earnings results 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 firm had revenue of $106.19 million during the quarter, compared to the consensus estimate of $119.27 million. Research analysts expect that Advantage Energy will post 0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Advantage Energy

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.