Air China Ltd. (OTCMKTS:AIRYY) Short Interest Update

Air China Ltd. (OTCMKTS:AIRYY) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 16 shares, a drop of 38.5% from the May 31st total of 26 shares. Based on an average daily trading volume, of 237 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Air China from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Air China has an average rating of “Sell”.

Air China Price Performance

AIRYY stock opened at $10.40 on Friday. The company has a market cap of $9.07 billion, a price-to-earnings ratio of 32.50 and a beta of 0.13. The company has a fifty day moving average price of $11.57 and a 200 day moving average price of $14.63. The company has a debt-to-equity ratio of 4.13, a current ratio of 0.30 and a quick ratio of 0.26. Air China has a 12 month low of $10.40 and a 12 month high of $19.00.

Air China (OTCMKTS:AIRYY) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.73) by $1.02. Air China had a net margin of 1.12% and a return on equity of 5.01%. The company had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $2.39 billion.

Air China Company Profile

Air China Limited, trading on the OTCMKTS as AIRYY, is the flag carrier of the People’s Republic of China and one of the country’s major state-owned airlines. Established in 1988 following the restructuring of the Civil Aviation Administration of China (CAAC), Air China offers a broad range of air transportation services for passengers and cargo. Its core operations include scheduled domestic flights, international and regional routes, as well as charter services.

The airline operates a diverse fleet of Airbus and Boeing aircraft, serving more than 200 destinations across six continents.