Short Interest in Air Canada (OTCMKTS:ACDVF) Declines By 20.2%

Air Canada (OTCMKTS:ACDVF) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 7,210,900 shares, a decrease of 20.2% from the December 31st total of 9,035,900 shares. Based on an average daily volume of 286,900 shares, the days-to-cover ratio is presently 25.1 days.

Analyst Ratings Changes

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

Air Canada Trading Up 0.3 %

ACDVF stock opened at $13.85 on Friday. The business has a fifty day moving average of $15.90 and a 200-day moving average of $13.81. The company has a market cap of $4.71 billion, a P/E ratio of 2.86 and a beta of 2.12. Air Canada has a twelve month low of $10.16 and a twelve month high of $18.56. 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 (OTCMKTS:ACDVF) last announced its quarterly earnings data on Friday, November 1st. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.72. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations 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 research analysts expect that Air Canada will post 2.51 EPS for the current year.

About Air Canada

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.