Air Canada (OTCMKTS:ACDVF) Short Interest Update

Air Canada (OTCMKTS:ACDVF - Get Free Report) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 9,070,700 shares, a drop of 26.7% from the October 15th total of 12,379,200 shares. Based on an average daily trading volume, of 265,000 shares, the short-interest ratio is currently 34.2 days.

Air Canada Stock Performance

ACDVF stock traded up $0.48 on Thursday, hitting $17.29. The company's stock had a trading volume of 53,895 shares, compared to its average volume of 230,133. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 3.57 and a beta of 2.05. The firm has a 50 day moving average of $13.13 and a two-hundred day moving average of $12.74. 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 has a 1 year low of $10.16 and a 1 year high of $17.29.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last issued its earnings results on Friday, November 1st. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.72. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.48 billion. Air Canada had a net margin of 11.53% and a return on equity of 133.91%. Equities analysts predict that Air Canada will post 2.43 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.