Air Canada (OTCMKTS:ACDVF) Short Interest Down 9.3% in December

Air Canada (OTCMKTS:ACDVF) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 6,017,600 shares, a decline of 9.3% from the November 30th total of 6,635,900 shares. Based on an average trading volume of 326,900 shares, the days-to-cover ratio is presently 18.4 days.

Wall Street Analyst Weigh In

Separately, Stifel Canada raised 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

Air Canada stock opened at $15.53 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. Air Canada has a 52-week low of $10.16 and a 52-week high of $18.56. The firm has a market cap of $5.43 billion, a PE ratio of 3.21 and a beta of 2.10. The company’s 50 day moving average is $16.25 and its two-hundred day moving average is $13.50.

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