Air Canada (OTCMKTS:ACDVF) Sees Significant Growth in Short Interest

Air Canada (OTCMKTS:ACDVF) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 4,017,600 shares, a growth of 37.8% from the March 31st total of 2,914,600 shares. Based on an average trading volume of 132,500 shares, the days-to-cover ratio is presently 30.3 days.

Air Canada Stock Performance

Shares of OTCMKTS:ACDVF opened at $14.65 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 16.33. The company has a 50-day moving average price of $13.88 and a 200-day moving average price of $13.55. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 3.39 and a beta of 1.94. Air Canada has a 12 month low of $11.52 and a 12 month high of $19.80.

Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings data on Friday, February 16th. The company reported ($0.09) earnings per share for the quarter. Air Canada had a negative return on equity of 926.55% and a net margin of 10.47%. The business had revenue of $3.80 billion during the quarter. As a group, equities analysts anticipate that Air Canada will post 3.33 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.