Air Canada (OTCMKTS:ACDVF) Short Interest Update

Air Canada (OTCMKTS:ACDVF) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 5,880,000 shares, a decline of 35.2% from the October 31st total of 9,070,700 shares. Based on an average daily volume of 418,400 shares, the days-to-cover ratio is currently 14.1 days.

Air Canada Price Performance

Shares of OTCMKTS ACDVF opened at $17.77 on Friday. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 3.67 and a beta of 2.05. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.92 and a quick ratio of 0.89. Air Canada has a 1-year low of $10.16 and a 1-year high of $17.85. The business has a 50-day moving average of $14.49 and a 200-day moving average of $13.02.

Air Canada (OTCMKTS:ACDVF) last announced its earnings results on Friday, November 1st. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.72. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.48 billion. Air Canada had a return on equity of 82.89% and a net margin of 11.53%. On average, equities analysts anticipate that Air Canada will post 2.43 EPS for the current fiscal year.

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.

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.