Advantage Energy Ltd. (OTCMKTS:AAVVF) Short Interest Up 14.4% in October

Advantage Energy Ltd. (OTCMKTS:AAVVF - Get Free Report) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,543,300 shares, a growth of 14.4% from the October 15th total of 2,223,800 shares. Based on an average daily volume of 55,800 shares, the short-interest ratio is currently 45.6 days.

Advantage Energy Stock Performance

OTCMKTS AAVVF traded down $0.35 on Friday, hitting $6.10. 103,936 shares of the company's stock traded hands, compared to its average volume of 41,231. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. Advantage Energy has a 1-year low of $5.90 and a 1-year high of $8.58. The firm's 50-day moving average price is $6.66 and its two-hundred day moving average price is $7.20. The firm has a market capitalization of $1.02 billion, a PE ratio of 30.52 and a beta of 1.64.

Advantage Energy (OTCMKTS:AAVVF - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05). Advantage Energy had a net margin of 8.62% and a return on equity of 2.88%. The firm had revenue of $106.19 million during the quarter, compared to analyst estimates of $119.27 million. As a group, analysts expect that Advantage Energy will post 0.17 EPS for the current year.

Analysts Set New Price Targets

Separately, National Bank Financial cut shares of Advantage Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 8th.

About Advantage Energy

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.