Air China Limited (OTCMKTS:AIRYY) Sees Large Growth in Short Interest

Air China Limited (OTCMKTS:AIRYY - Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 1,600 shares, a growth of 33.3% from the September 30th total of 1,200 shares. Based on an average daily volume of 1,200 shares, the short-interest ratio is presently 1.3 days.

Air China Stock Up 3.0 %

Shares of AIRYY traded up $0.29 during midday trading on Friday, reaching $10.10. The company had a trading volume of 4,267 shares, compared to its average volume of 791. Air China has a 1-year low of $7.51 and a 1-year high of $14.40. The firm has a 50 day simple moving average of $9.26 and a 200-day simple moving average of $9.61. The stock has a market cap of $8.38 billion, a PE ratio of 336.67 and a beta of 0.32.

Air China (OTCMKTS:AIRYY - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The transportation company reported ($0.18) earnings per share (EPS) for the quarter. Air China had a negative net margin of 0.34% and a negative return on equity of 1.50%. The firm had revenue of $5.45 billion during the quarter. As a group, sell-side analysts anticipate that Air China will post 0.82 earnings per share for the current fiscal year.

About Air China

Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, China, and internationally. The company operates in Airline Operations and Other Operations segments. It provides aircraft engineering and airport ground handling services.