Air Canada (OTCMKTS:ACDVF) Short Interest Up 20.1% in June

Air Canada (OTCMKTS:ACDVF - Get Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 9,719,500 shares, a growth of 20.1% from the May 31st total of 8,089,600 shares. Based on an average trading volume of 138,800 shares, the short-interest ratio is currently 70.0 days.

Air Canada Stock Performance

Shares of Air Canada stock traded up $0.03 during trading hours on Friday, reaching $13.10. The company had a trading volume of 83,082 shares, compared to its average volume of 98,182. Air Canada has a one year low of $11.52 and a one year high of $19.80. The business has a fifty day simple moving average of $13.42 and a 200 day simple moving average of $13.68. The company has a debt-to-equity ratio of 15.95, a current ratio of 0.85 and a quick ratio of 0.82. The firm has a market cap of $4.70 billion, a PE ratio of 3.13 and a beta of 2.04.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.22). The business had revenue of $3.88 billion for the quarter. Air Canada had a net margin of 9.92% and a return on equity of 493.84%. On average, analysts anticipate that Air Canada will post 2.64 earnings per share 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.