Air Canada (OTCMKTS:ACDVF - Get Free Report) was the recipient of a significant increase in short interest in 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 short-interest ratio is presently 26.8 days.
Air Canada Stock Performance
OTCMKTS:ACDVF traded down $0.28 during trading hours on Friday, reaching $17.57. 555,967 shares of the company's stock were exchanged, compared to its average volume of 232,781. Air Canada has a 1-year low of $10.16 and a 1-year high of $18.56. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 3.63 and a beta of 2.10. The company has a 50-day moving average of $15.65 and a 200 day moving average of $13.32.
Air Canada (OTCMKTS:ACDVF - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The company reported $1.88 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 during the quarter, compared to the consensus estimate of $4.48 billion. Research analysts anticipate that Air Canada will post 2.51 EPS for the current year.
Analyst Ratings Changes
Separately, Stifel Canada upgraded shares of Air Canada from a "hold" rating to a "strong-buy" rating in a research note on Sunday, November 3rd.
Read Our Latest Analysis on Air Canada
Air Canada Company Profile
(
Get Free Report)
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.
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