Air China Limited (OTCMKTS:AIRYY) Sees Significant Decrease in Short Interest

Air China Limited (OTCMKTS:AIRYY) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 3,900 shares, a drop of 9.3% from the May 31st total of 4,300 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is presently 9.8 days.

Air China Trading Down 1.1 %

Shares of AIRYY opened at $9.36 on Tuesday. The business’s 50 day moving average is $10.27 and its 200 day moving average is $10.80. The company has a market capitalization of $7.58 billion, a PE ratio of 312.10 and a beta of 0.32. Air China has a 12-month low of $8.93 and a 12-month high of $16.38.

Air China (OTCMKTS:AIRYY) last issued its earnings results on Sunday, April 28th. The transportation company reported ($0.31) earnings per share (EPS) for the quarter. The company had revenue of $5.60 billion during the quarter. Equities research analysts predict that Air China will post 0.73 earnings per share for the current year.

Air China Company Profile

Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, China, and internationally. The company operates in Airline Operations and Other Operations segments. It provides aircraft engineering and airport ground handling services.