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

Advantage Energy Ltd. (OTCMKTS:AAVVF) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 2,403,500 shares, a growth of 8.3% from the December 31st total of 2,219,700 shares. Based on an average daily trading volume, of 84,300 shares, the days-to-cover ratio is presently 28.5 days.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial raised Advantage Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 20th.

Advantage Energy Stock Performance

Shares of OTCMKTS:AAVVF opened at $6.42 on Tuesday. The business’s 50 day moving average price is $6.56 and its 200-day moving average price is $6.69. The firm has a market capitalization of $1.07 billion, a PE ratio of 32.10 and a beta of 1.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. Advantage Energy has a 1 year low of $5.83 and a 1 year high of $8.58.

Advantage Energy Company Profile

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.