Air Canada (OTCMKTS:ACDVF) Short Interest Update

Air Canada (OTCMKTS:ACDVF - Get Free Report) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 13,637,200 shares, a growth of 26.9% from the March 15th total of 10,745,300 shares. Currently, 4.2% of the company's shares are short sold. Based on an average daily trading volume, of 282,600 shares, the days-to-cover ratio is currently 48.3 days.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut Air Canada to an "underperform" rating in a research note on Tuesday, April 1st.

Air Canada Stock Up 1.9 %

Shares of OTCMKTS:ACDVF traded up $0.20 during midday trading on Thursday, reaching $10.34. The company's stock had a trading volume of 670,837 shares, compared to its average volume of 310,481. 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 50 day moving average of $10.65 and a 200-day moving average of $13.53. The firm has a market capitalization of $3.34 billion, a P/E ratio of 3.18 and a beta of 1.82. Air Canada has a 12-month low of $8.56 and a 12-month high of $18.56.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.18 earnings per share for the quarter, hitting 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, research analysts anticipate that Air Canada will post 1.66 earnings per share for the current year.

About Air Canada

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.