Short Interest in Air Canada (OTCMKTS:ACDVF) Rises By 26.9%

Air Canada (OTCMKTS:ACDVF) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 13,637,200 shares, a growth of 26.9% from the March 15th total of 10,745,300 shares. Currently, 4.2% of the company’s shares are short sold. Based on an average daily trading volume, of 282,600 shares, the days-to-cover ratio is presently 48.3 days.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered shares of Air Canada to an “underperform” rating in a report on Tuesday, April 1st.

Air Canada Stock Up 0.4 %

Shares of OTCMKTS:ACDVF opened at $10.09 on Monday. The firm has a market cap of $3.26 billion, a P/E ratio of 3.10 and a beta of 1.82. Air Canada has a 12-month low of $8.56 and a 12-month high of $18.56. The business has a fifty day simple moving average of $10.80 and a 200 day simple moving average of $13.60. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 3.47.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. Air Canada had a return on equity of 80.37% and a net margin of 7.82%. Analysts predict that Air Canada will post 1.66 earnings per share for the current year.

About Air Canada

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.