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

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

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group cut Air Canada to an "underperform" rating in a research note on Tuesday, April 1st.

Air Canada Trading Up 1.9 %

Shares of ACDVF traded up $0.20 during trading hours on Friday, reaching $10.34. The stock had a trading volume of 670,837 shares, compared to its average volume of 310,481. The company has a market cap of $3.34 billion, a P/E ratio of 3.18 and a beta of 1.82. Air Canada has a 52 week low of $8.56 and a 52 week high of $18.56. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. The firm has a 50-day moving average of $10.60 and a 200 day moving average of $13.52.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Air Canada had a return on equity of 80.37% and a net margin of 7.82%. On average, sell-side analysts expect that Air Canada will post 1.66 earnings per share for the current fiscal 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.