China Eastern Airlines Co. Limited (NYSE:CEA) Sees Significant Growth in Short Interest

China Eastern Airlines Co. Limited (NYSE:CEAGet Rating) was the recipient of a significant increase in short interest in December. As of December 30th, there was short interest totalling 2,900 shares, an increase of 11.5% from the December 15th total of 2,600 shares. Based on an average trading volume of 5,900 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of China Eastern Airlines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its position in China Eastern Airlines by 78.1% during the 2nd quarter. Lindbrook Capital LLC now owns 1,583 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 694 shares during the period. Quadrant Capital Group LLC increased its position in China Eastern Airlines by 136.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,631 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 941 shares during the period. Capricorn Fund Managers Ltd increased its position in China Eastern Airlines by 5.0% during the 4th quarter. Capricorn Fund Managers Ltd now owns 23,394 shares of the transportation company’s stock valued at $472,000 after purchasing an additional 1,106 shares during the period. Credit Suisse AG bought a new position in shares of China Eastern Airlines during the 2nd quarter worth approximately $47,000. Finally, Bank of America Corp DE boosted its holdings in shares of China Eastern Airlines by 101.0% during the 1st quarter. Bank of America Corp DE now owns 5,432 shares of the transportation company’s stock worth $92,000 after buying an additional 2,730 shares in the last quarter. Institutional investors and hedge funds own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on China Eastern Airlines in a research note on Wednesday, October 12th. They issued a “sell” rating for the company. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

China Eastern Airlines Stock Performance

China Eastern Airlines stock opened at $20.74 on Tuesday. The business has a 50 day moving average of $20.12 and a 200-day moving average of $18.48. China Eastern Airlines has a 1 year low of $15.54 and a 1 year high of $22.92. The company has a debt-to-equity ratio of 2.46, a current ratio of 0.31 and a quick ratio of 0.30. The company has a market capitalization of $6.79 billion, a P/E ratio of -1.59 and a beta of 0.78.

China Eastern Airlines (NYSE:CEAGet Rating) last released its quarterly earnings data on Monday, October 31st. The transportation company reported ($3.68) earnings per share (EPS) for the quarter. China Eastern Airlines had a negative net margin of 63.42% and a negative return on equity of 77.07%. The firm had revenue of $2.41 billion during the quarter. On average, equities research analysts predict that China Eastern Airlines will post -11.22 earnings per share for the current year.

China Eastern Airlines Company Profile

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China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in the People's Republic of China, Hong Kong, Macau, Taiwan, and internationally. The company offers passenger, cargo, mail delivery, ground, tour operations, air catering, and other miscellaneous services.

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