Advantage Energy Ltd. (OTCMKTS:AAVVF) Short Interest Up 8.3% in December

Advantage Energy Ltd. (OTCMKTS:AAVVF) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 2,403,500 shares, a growth of 8.3% from the December 15th total of 2,219,700 shares. Based on an average trading volume of 84,300 shares, the short-interest ratio is currently 28.5 days.

Wall Street Analyst Weigh In

Separately, National Bank Financial downgraded Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th.

Advantage Energy Stock Performance

Advantage Energy stock opened at $6.87 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.15 billion, a PE ratio of 34.35 and a beta of 1.55. Advantage Energy has a twelve month low of $5.83 and a twelve month high of $8.58. The company’s 50-day moving average price is $6.52 and its 200-day moving average price is $6.75.

Advantage Energy (OTCMKTS:AAVVF) last posted its earnings results on Thursday, October 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). Advantage Energy had a net margin of 8.62% and a return on equity of 2.88%. The company had revenue of $106.19 million during the quarter, compared to analysts’ expectations of $119.27 million. On average, equities research analysts forecast that Advantage Energy will post 0.19 EPS for the current fiscal year.

About Advantage Energy

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.