Short Interest in Air Canada (OTCMKTS:ACDVF) Drops By 20.2%

Air Canada (OTCMKTS:ACDVF - Get Free Report) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 7,210,900 shares, a decrease of 20.2% from the December 31st total of 9,035,900 shares. Based on an average daily volume of 286,900 shares, the short-interest ratio is currently 25.1 days.

Air Canada Stock Performance

ACDVF stock traded down $0.36 during midday trading on Monday, reaching $13.49. 142,361 shares of the company's stock traded hands, compared to its average volume of 213,781. The company has a 50-day moving average price of $15.75 and a two-hundred day moving average price of $13.83. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.89 and a current ratio of 0.92. Air Canada has a 52 week low of $10.16 and a 52 week high of $18.56. The firm has a market capitalization of $4.58 billion, a PE ratio of 2.79 and a beta of 2.12.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last issued its earnings results 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 net margin of 11.53% and a return on equity of 82.89%. The business had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.48 billion. As a group, equities analysts anticipate that Air Canada will post 2.51 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Stifel Canada upgraded Air Canada from a "hold" rating to a "strong-buy" rating in a research note on Sunday, November 3rd.

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.