Air Canada (OTCMKTS:ACDVF) Short Interest Up 20.8% in March

Air Canada (OTCMKTS:ACDVF - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 10,745,300 shares, a growth of 20.8% from the February 28th total of 8,897,600 shares. Approximately 3.3% of the shares of the stock are sold short. Based on an average daily volume of 398,700 shares, the days-to-cover ratio is currently 27.0 days.

Air Canada Price Performance

ACDVF traded down $0.27 on Friday, hitting $9.62. 480,455 shares of the company's stock traded hands, compared to its average volume of 295,326. The company's 50 day simple moving average is $11.62 and its 200-day simple moving average is $13.80. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 3.47. Air Canada has a one year low of $9.23 and a one year high of $18.56. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 2.96 and a beta of 1.82.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Air Canada had a net margin of 7.82% and a return on equity of 80.37%. As a group, research analysts anticipate that Air Canada will post 1.66 EPS 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.