Air Canada (OTCMKTS:ACDVF) Sees Large Growth in Short Interest

Air Canada (OTCMKTS:ACDVF) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 6,635,900 shares, an increase of 12.9% from the November 15th total of 5,880,000 shares. Based on an average daily volume of 247,800 shares, the days-to-cover ratio is presently 26.8 days.

Air Canada Trading Down 1.5 %

OTCMKTS ACDVF opened at $17.57 on Friday. The firm’s fifty day moving average is $15.54 and its two-hundred day moving average is $13.29. Air Canada has a one year low of $10.16 and a one year high of $18.56. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.89 and a current ratio of 0.92. The firm has a market cap of $6.30 billion, a PE ratio of 3.69 and a beta of 2.10.

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, beating the consensus estimate of $1.16 by $0.72. Air Canada had a return on equity of 82.89% and a net margin of 11.53%. The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Analysts expect that Air Canada will post 2.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.