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

Advantage Energy Ltd. (OTCMKTS:AAVVF) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 2,132,000 shares, a drop of 11.3% from the November 15th total of 2,403,300 shares. Based on an average daily volume of 80,400 shares, the days-to-cover ratio is presently 26.5 days.

Advantage Energy Price Performance

Shares of AAVVF opened at $6.19 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. Advantage Energy has a twelve month low of $6.04 and a twelve month high of $8.58. The stock has a market capitalization of $1.03 billion, a P/E ratio of 30.97 and a beta of 1.58. The company has a 50 day moving average of $6.48 and a 200-day moving average of $6.95.

Advantage Energy (OTCMKTS:AAVVF) last released its earnings results on Thursday, October 24th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). Advantage Energy had a net margin of 8.62% and a return on equity of 2.88%. The business had revenue of $106.19 million during the quarter, compared to the consensus estimate of $119.27 million. As a group, equities research analysts forecast that Advantage Energy will post 0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, National Bank Financial cut shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th.

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.