Air Canada (OTCMKTS:ACDVF) Short Interest Up 12.9% in November

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

Analyst Upgrades and Downgrades

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

Air Canada Price Performance

ACDVF opened at $17.57 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 3.47. The stock has a market capitalization of $6.30 billion, a P/E ratio of 3.63 and a beta of 2.10. The stock has a 50-day moving average price of $15.65 and a 200-day moving average price of $13.32. Air Canada has a 12-month low of $10.16 and a 12-month high of $18.56.

Air Canada (OTCMKTS:ACDVF) last issued its earnings results on Friday, November 1st. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.72. Air Canada had a return on equity of 82.89% and a net margin of 11.53%. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.48 billion. Equities analysts predict that Air Canada will post 2.51 earnings per share for the current fiscal year.

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.