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

Advantage Energy Ltd. (OTCMKTS:AAVVF) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 2,543,300 shares, a growth of 14.4% from the October 15th total of 2,223,800 shares. Based on an average daily volume of 55,800 shares, the short-interest ratio is currently 45.6 days.

Advantage Energy Stock Performance

Shares of Advantage Energy stock opened at $6.10 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a 50 day simple moving average of $6.66 and a 200 day simple moving average of $7.20. Advantage Energy has a fifty-two week low of $5.90 and a fifty-two week high of $8.58. The firm has a market cap of $1.02 billion, a P/E ratio of 30.52 and a beta of 1.64.

Advantage Energy (OTCMKTS:AAVVF) last released its earnings results on Thursday, October 24th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The firm had revenue of $106.19 million for the quarter, compared to the consensus estimate of $119.27 million. Advantage Energy had a return on equity of 2.88% and a net margin of 8.62%. Sell-side analysts predict that Advantage Energy will post 0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, National Bank Financial downgraded shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th.

About Advantage Energy

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.