Advantage Energy Ltd. (OTCMKTS:AAVVF) Sees Significant Drop in Short Interest

Advantage Energy Ltd. (OTCMKTS:AAVVF) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 2,246,200 shares, a drop of 18.2% from the February 28th total of 2,744,700 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily volume of 92,700 shares, the days-to-cover ratio is presently 24.2 days.

Advantage Energy Price Performance

AAVVF stock opened at $7.70 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a 50 day moving average price of $6.80 and a 200-day moving average price of $6.67. Advantage Energy has a 52-week low of $5.83 and a 52-week high of $8.58. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 38.50 and a beta of 1.52.

Analyst Upgrades and Downgrades

AAVVF has been the topic of several recent research reports. Cormark raised Advantage Energy to a “moderate buy” rating in a research note on Thursday, March 6th. National Bank Financial raised shares of Advantage Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 20th.

About Advantage Energy

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.