Short Interest in Air Canada (OTCMKTS:ACDVF) Rises By 20.1%

Air Canada (OTCMKTS:ACDVF) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 9,719,500 shares, an increase of 20.1% from the May 31st total of 8,089,600 shares. Based on an average trading volume of 138,800 shares, the days-to-cover ratio is presently 70.0 days.

Air Canada Stock Performance

Shares of OTCMKTS ACDVF opened at $12.86 on Tuesday. The firm’s 50-day moving average price is $13.38 and its 200-day moving average price is $13.67. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 15.95. The company has a market cap of $4.61 billion, a PE ratio of 3.08 and a beta of 2.04. Air Canada has a 52-week low of $11.52 and a 52-week high of $19.80.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.22). The company had revenue of $3.88 billion for the quarter. Air Canada had a net margin of 9.92% and a return on equity of 493.84%. As a group, analysts anticipate that Air Canada will post 2.64 EPS for the current year.

Air Canada Company Profile

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.