Short Interest in Air Canada (OTCMKTS:ACDVF) Rises By 49.4%

Air Canada (OTCMKTS:ACDVFGet Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,831,100 shares, an increase of 49.4% from the October 15th total of 1,226,000 shares. Based on an average daily volume of 186,700 shares, the days-to-cover ratio is presently 9.8 days.

Air Canada Stock Performance

Shares of Air Canada stock opened at $13.13 on Friday. The company has a market cap of $4.71 billion, a P/E ratio of 3.04 and a beta of 1.99. The firm has a fifty day moving average of $13.77 and a two-hundred day moving average of $15.91. Air Canada has a one year low of $11.52 and a one year high of $19.80.

Air Canada (OTCMKTS:ACDVFGet Free Report) last issued its earnings results on Monday, October 30th. The company reported $2.54 earnings per share for the quarter. The business had revenue of $4.73 billion for the quarter. Air Canada had a net margin of 10.63% and a negative return on equity of 125.62%. As a group, equities analysts predict that Air Canada will post 2.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ACDVF has been the subject of several recent analyst reports. National Bank Financial decreased their target price on Air Canada from C$35.00 to C$32.00 in a research note on Wednesday, October 4th. Scotiabank increased their price objective on Air Canada from C$31.00 to C$34.00 in a report on Monday, August 14th. Finally, CIBC decreased their price objective on Air Canada from C$33.00 to C$30.00 in a report on Friday, October 6th.

Check Out Our Latest Analysis on Air Canada

About Air Canada

(Get Free Report)

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.

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