Air Canada (OTCMKTS:ACDVF) Short Interest Down 26.7% in October

Air Canada (OTCMKTS:ACDVF) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 9,070,700 shares, a decline of 26.7% from the October 15th total of 12,379,200 shares. Based on an average daily trading volume, of 265,000 shares, the days-to-cover ratio is presently 34.2 days.

Air Canada Trading Down 0.8 %

Shares of ACDVF opened at $17.29 on Friday. The stock’s 50-day moving average price is $13.25 and its 200 day moving average price is $12.77. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 9.32. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 3.57 and a beta of 2.05. Air Canada has a 12-month low of $10.16 and a 12-month high of $17.81.

Air Canada (OTCMKTS:ACDVF) last issued its earnings results on Friday, November 1st. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.72. Air Canada had a return on equity of 133.91% 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. As a group, research analysts predict that Air Canada will post 2.43 earnings per share for the current year.

Analyst Ratings Changes

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

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.