Air Canada (OTCMKTS:ACDVF) Short Interest Down 8.7% in September

Air Canada (OTCMKTS:ACDVF - Get Free Report) saw a large decline in short interest in September. As of September 30th, there was short interest totalling 14,143,000 shares, a decline of 8.7% from the September 15th total of 15,497,800 shares. Based on an average trading volume of 150,400 shares, the days-to-cover ratio is presently 94.0 days.

Air Canada Stock Up 0.1 %

ACDVF stock traded up $0.01 during trading on Tuesday, hitting $12.46. 115,508 shares of the company's stock were exchanged, compared to its average volume of 221,311. The business has a 50-day moving average price of $11.67 and a two-hundred day moving average price of $12.67. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 2.98 and a beta of 2.07. Air Canada has a 52-week low of $10.16 and a 52-week high of $14.91. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 9.32.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.10. The firm had revenue of $4.03 billion during the quarter. Air Canada had a return on equity of 188.94% and a net margin of 7.95%. As a group, equities research analysts expect that Air Canada will post 1.65 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.