Air Canada (OTCMKTS:ACDVF) Sees Significant Increase in Short Interest

Air Canada (OTCMKTS:ACDVF) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 6,635,900 shares, an increase of 12.9% from the November 15th total of 5,880,000 shares. Based on an average trading volume of 247,800 shares, the days-to-cover ratio is presently 26.8 days.

Analysts Set New Price Targets

Separately, Stifel Canada raised Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 3rd.

Air Canada Stock Down 1.5 %

Shares of OTCMKTS ACDVF opened at $17.57 on Friday. The company has a market capitalization of $6.30 billion, a P/E ratio of 3.63 and a beta of 2.10. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.92 and a quick ratio of 0.89. The company has a 50 day simple moving average of $15.65 and a 200-day simple moving average of $13.32. Air Canada has a 1 year low of $10.16 and a 1 year high of $18.56.

Air Canada (OTCMKTS:ACDVF) last posted its earnings results on Friday, November 1st. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.72. The company had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Air Canada had a net margin of 11.53% and a return on equity of 82.89%. On average, equities research analysts predict that Air Canada will post 2.51 earnings per share for the current year.

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.