Short Interest in Air Canada (OTCMKTS:ACDVF) Drops By 9.3%

Air Canada (OTCMKTS:ACDVF) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 6,017,600 shares, a decrease of 9.3% from the November 30th total of 6,635,900 shares. Based on an average daily trading volume, of 326,900 shares, the days-to-cover ratio is currently 18.4 days.

Wall Street Analysts Forecast Growth

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

Air Canada Stock Down 0.1 %

Air Canada stock opened at $15.52 on Tuesday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.92 and a quick ratio of 0.89. Air Canada has a fifty-two week low of $10.16 and a fifty-two week high of $18.56. The firm has a fifty day moving average price of $16.30 and a two-hundred day moving average price of $13.52. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 3.21 and a beta of 2.10.

Air Canada (OTCMKTS:ACDVF) last posted 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 business 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, analysts forecast that Air Canada will post 2.51 earnings per share for the current 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.