Air Canada (OTCMKTS:ACDVF) Short Interest Down 35.2% in November

Air Canada (OTCMKTS:ACDVF) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 5,880,000 shares, a decrease of 35.2% from the October 31st total of 9,070,700 shares. Based on an average daily volume of 418,400 shares, the short-interest ratio is presently 14.1 days.

Air Canada Trading Up 1.3 %

ACDVF opened at $17.77 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 3.47. The company has a fifty day moving average price of $14.49 and a two-hundred day moving average price of $13.02. The company has a market cap of $6.37 billion, a P/E ratio of 3.67 and a beta of 2.05. Air Canada has a 1-year low of $10.16 and a 1-year high of $17.85.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings results on Friday, November 1st. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.72. Air Canada had a return on equity of 82.89% and a net margin of 11.53%. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.48 billion. Analysts predict that Air Canada will post 2.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stifel Canada upgraded Air Canada from a “hold” rating to a “strong-buy” rating in a report 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.