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

Air Canada (OTCMKTS:ACDVF) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 10,745,300 shares, a growth of 20.8% from the February 28th total of 8,897,600 shares. Approximately 3.3% of the shares of the stock are sold short. Based on an average daily volume of 398,700 shares, the days-to-cover ratio is currently 27.0 days.

Air Canada Trading Down 0.3 %

Air Canada stock opened at $10.01 on Thursday. Air Canada has a 1 year low of $9.50 and a 1 year high of $18.56. The firm’s 50 day moving average price is $11.79 and its 200-day moving average price is $13.82. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.92 and a quick ratio of 0.89. The stock has a market cap of $3.23 billion, a P/E ratio of 3.08 and a beta of 2.09.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. Air Canada had a net margin of 7.82% and a return on equity of 80.37%. On average, equities analysts predict that Air Canada will post 1.66 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.