Air China Limited (OTCMKTS:AICAF – Get Rating) was the target of a large decline in short interest in April. As of April 30th, there was short interest totalling 1,266,600 shares, a decline of 34.4% from the April 15th total of 1,930,300 shares. Based on an average daily trading volume, of 62,100 shares, the short-interest ratio is presently 20.4 days.
A number of equities analysts have recently commented on the stock. Jefferies Financial Group lowered shares of Air China from a “buy” rating to a “hold” rating in a report on Wednesday, March 23rd. JPMorgan Chase & Co. cut Air China from a “neutral” rating to an “underweight” rating in a research note on Wednesday, January 26th.
OTCMKTS:AICAF opened at $0.64 on Friday. The business has a 50 day moving average of $0.69 and a 200 day moving average of $0.71. Air China has a 1-year low of $0.60 and a 1-year 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.
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