Air Canada (OTCMKTS:ACDVF - Get Free Report) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 9,035,900 shares, a growth of 50.2% from the December 15th total of 6,017,600 shares. Based on an average daily volume of 252,200 shares, the short-interest ratio is currently 35.8 days.
Analyst Upgrades and Downgrades
Separately, Stifel Canada raised shares of Air Canada from a "hold" rating to a "strong-buy" rating in a research report on Sunday, November 3rd.
Get Our Latest Analysis on Air Canada
Air Canada Stock Performance
OTCMKTS:ACDVF traded down $0.42 during trading hours on Wednesday, reaching $14.41. 399,955 shares of the stock were exchanged, compared to its average volume of 264,048. Air Canada has a 52 week low of $10.16 and a 52 week 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 stock has a market capitalization of $5.03 billion, a P/E ratio of 2.98 and a beta of 2.12. The firm has a 50 day simple moving average of $16.47 and a 200-day simple moving average of $13.73.
Air Canada (OTCMKTS:ACDVF - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The company reported $1.88 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $4.48 billion. As a group, sell-side analysts forecast that Air Canada will post 2.51 earnings per share for the current fiscal year.
About Air Canada
(
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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.
Further Reading
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