Air Canada (OTCMKTS:ACDVF) Sees Large Drop in Short Interest

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

Analysts Set New Price Targets

Separately, Stifel Canada raised Air Canada from a "hold" rating to a "strong-buy" rating in a research note on Sunday, November 3rd.

Air Canada Trading Down 0.1 %

Shares of ACDVF traded down $0.01 during midday trading on Monday, hitting $15.52. The stock had a trading volume of 36,234 shares, compared to its average volume of 233,234. The stock's 50 day moving average is $16.30 and its 200 day moving average is $13.52. The firm has a market cap of $5.42 billion, a PE ratio of 3.21 and a beta of 2.10. 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 1 year low of $10.16 and a 1 year high of $18.56.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last announced its earnings results on Friday, November 1st. The company reported $1.88 earnings per share (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 business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.48 billion. As a group, analysts forecast that Air Canada will post 2.51 EPS 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.