Air Canada (OTCMKTS:ACDVF) Short Interest Down 20.2% in January

Air Canada (OTCMKTS:ACDVF) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 7,210,900 shares, a decrease of 20.2% from the December 31st total of 9,035,900 shares. Based on an average daily trading volume, of 286,900 shares, the days-to-cover ratio is currently 25.1 days.

Wall Street Analyst Weigh In

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

Air Canada Stock Up 0.3 %

Shares of OTCMKTS:ACDVF opened at $13.85 on Friday. The company has a 50 day moving average price of $15.90 and a two-hundred day moving average price of $13.81. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.89 and a current ratio of 0.92. The company has a market capitalization of $4.71 billion, a PE ratio of 2.86 and a beta of 2.12. Air Canada has a 52 week low of $10.16 and a 52 week high of $18.56.

Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings data on Friday, November 1st. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.72. The business had revenue of $4.48 billion during 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%. Analysts forecast 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.