Air Canada (OTCMKTS:ACDVF) Short Interest Update

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

Analysts Set New Price Targets

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

Air Canada Stock Performance

Shares of ACDVF opened at $17.57 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 $18.56. The company has a 50-day simple moving average of $15.54 and a 200-day simple moving average of $13.29. The company has a market capitalization of $6.30 billion, a PE ratio of 3.69 and a beta of 2.10.

Air Canada (OTCMKTS:ACDVF) last issued its earnings results 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. Air Canada had a net margin of 11.53% and a return on equity of 82.89%. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.48 billion. Equities research analysts predict that Air Canada will post 2.51 earnings per share 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.