Air Canada (OTCMKTS:ACDVF - Get Free Report) was the recipient of a significant growth in short interest in 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 trading volume of 252,200 shares, the days-to-cover ratio is presently 35.8 days.
Air Canada Stock Performance
OTCMKTS:ACDVF traded down $0.23 during mid-day trading on Thursday, hitting $14.18. The stock had a trading volume of 323,845 shares, compared to its average volume of 270,064. Air Canada has a twelve month low of $10.16 and a twelve month high of $18.56. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.89 and a current ratio of 0.92. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 2.93 and a beta of 2.12. The company's 50 day simple moving average is $16.42 and its 200 day simple moving average is $13.73.
Air Canada (OTCMKTS:ACDVF - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.72. Air Canada had a return on equity of 82.89% and a net margin of 11.53%. The company had revenue of $4.48 billion during the quarter, compared to analysts' expectations of $4.48 billion. On average, equities research analysts forecast that Air Canada will post 2.52 earnings per share 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.
View Our Latest Stock Analysis on Air Canada
About Air Canada
(
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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