Air Canada (OTCMKTS:ACDVF) Short Interest Up 51.2% in July

Air Canada (OTCMKTS:ACDVF) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 14,146,500 shares, a growth of 51.2% from the July 15th total of 9,355,400 shares. Based on an average daily volume of 378,100 shares, the days-to-cover ratio is currently 37.4 days.

Air Canada Trading Up 2.2 %

OTCMKTS ACDVF opened at $11.42 on Friday. The company has a debt-to-equity ratio of 15.95, a quick ratio of 0.82 and a current ratio of 0.85. Air Canada has a one year low of $10.16 and a one year high of $17.31. The company has a 50-day simple moving average of $12.17 and a 200-day simple moving average of $13.22. The firm has a market capitalization of $4.09 billion, a PE ratio of 2.73 and a beta of 2.06.

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.