Air China Limited (OTCMKTS:AICAF – Get Rating) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,930,300 shares, a drop of 52.6% from the March 31st total of 4,076,300 shares. Based on an average trading volume of 500 shares, the short-interest ratio is presently 3,860.6 days.
AICAF has been the topic of a number of research reports. JPMorgan Chase & Co. downgraded shares of Air China from a “neutral” rating to an “underweight” rating in a research note on Wednesday, January 26th. Jefferies Financial Group downgraded shares of Air China from a “buy” rating to a “hold” rating in a research note on Wednesday, March 23rd.
Shares of AICAF stock opened at $0.67 on Friday. The company’s fifty day simple moving average is $0.72 and its 200-day simple moving average is $0.72. Air China has a 52 week low of $0.60 and a 52 week high of $0.85.
Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, Europe, North America, Japan, Korea, the Asia Pacific, and internationally. The company operates through Airline Operations and Other Operations segments.
- Get a free copy of the StockNews.com research report on Air China (AICAF)
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