Air Canada (OTCMKTS:ACDVF) Stock Short Interest Rises 118.4%

Air Canada (OTCMKTS:ACDVF) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 3,723,045 shares, a growth of 118.4% from the September 15th total of 1,704,534 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 91,364 shares, the days-to-cover ratio is currently 40.7 days.

Analyst Upgrades and Downgrades

Several research firms recently commented on ACDVF. Royal Bank Of Canada reiterated an “outperform” rating on shares of Air Canada in a research report on Thursday, August 13th. Jefferies Financial Group reissued a “hold” rating on shares of Air Canada in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Air Canada in a report on Friday, August 14th. National Bank Financial restated an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 12th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 12th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Air Canada has an average rating of “Moderate Buy”.

Air Canada Price Performance

Shares of OTCMKTS:ACDVF opened at $15.62 on Thursday. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.56 and a current ratio of 0.60. The business’s fifty day moving average price is $19.59 and its two-hundred day moving average price is $16.88. The stock has a market cap of $3.95 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 0.46 and a beta of 1.45. Air Canada has a one year low of $12.03 and a one year high of $22.52.

Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.18. Air Canada had a return on equity of 20.11% and a net margin of 1.82%. The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.34 billion. On average, analysts forecast that Air Canada will post 0.90 EPS for the current fiscal year.

Air Canada Company Profile

Air Canada is Canada’s national flag carrier and one of the country’s largest airlines. Headquartered in Montreal, Quebec, the company provides scheduled passenger air transportation to destinations across Canada, the United States, Europe, Asia-Pacific, Latin America and the Caribbean. Its network is supported by regional service operated under the Air Canada Express brand and leisure-focused flights operated by Air Canada Rouge.

The company’s principal businesses include passenger airline services, air cargo transportation and vacation travel.