Short Interest in Air China Limited (OTCMKTS:AICAF) Rises By 563.9%

Air China Limited (OTCMKTS:AICAF) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 2,853,364 shares, an increase of 563.9% from the February 26th total of 429,798 shares. Based on an average daily volume of 24,800 shares, the days-to-cover ratio is currently 115.1 days. Based on an average daily volume of 24,800 shares, the days-to-cover ratio is currently 115.1 days.

Air China Price Performance

Shares of Air China stock opened at $0.67 on Wednesday. Air China has a 12 month low of $0.53 and a 12 month high of $0.94. The business has a fifty day simple moving average of $0.90 and a 200-day simple moving average of $0.81.

Air China Company Profile

Air China Limited operates as the flag carrier and one of the major airlines of the People’s Republic of China. Headquartered in Beijing, the company emerged from the restructuring of the Civil Aviation Administration of China in the early 2000s. It is a state-controlled enterprise under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council and is a subsidiary of China National Aviation Holding.

The company provides scheduled passenger and cargo services, offering a broad network of domestic and international routes.