Air Canada (OTCMKTS:ACDVF) Stock Short Interest Report for September

Key Points

• Air Canada’s short interest more than doubled in September, rising 118.4% to 3.72 million shares as of September 30. Short interest represents 1.5% of outstanding stock, with a short-interest ratio of 40.7 days.
• The stock opened at $15.86, below its 50-day moving average of $19.71 but within its 12-month range of $12.03 to $22.52. Air Canada recently exceeded quarterly earnings and revenue estimates, reporting $0.29 EPS and $4.41 billion in revenue.
• Analyst sentiment remains favorable: six analysts rate the stock a Buy and five rate it a Hold, resulting in a consensus rating of “Moderate Buy.”

Air Canada (OTCMKTS:ACDVF - Get Free Report) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 3,723,045 shares, an increase of 118.4% from the September 15th total of 1,704,534 shares. Currently, 1.5% of the company's stock are short sold. Based on an average daily trading volume, of 91,364 shares, the short-interest ratio is currently 40.7 days.

Air Canada Trading Down 1.6%

Shares of OTCMKTS ACDVF opened at $15.86 on Tuesday. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 0.46 and a beta of 1.45. Air Canada has a 12-month low of $12.03 and a 12-month high of $22.52. The company has a current ratio of 0.60, a quick ratio of 0.56 and a debt-to-equity ratio of 3.52. The stock's 50 day simple moving average is $19.71 and its 200 day simple moving average is $16.84.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.11 by $0.18. Air Canada had a net margin of 1.82% and a return on equity of 20.11%. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.34 billion. Equities research analysts expect that Air Canada will post 0.90 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ACDVF shares. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Air Canada in a research note on Friday, August 14th. Jefferies Financial Group restated a "hold" rating on shares of Air Canada in a research note on Thursday, August 13th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Air Canada in a report on Thursday, August 13th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Air Canada in a report on Wednesday, August 12th. Finally, National Bank Financial reiterated an "outperform" rating on shares of Air Canada in a research note on Wednesday, August 12th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Air Canada Company Profile

Air Canada is Canada's national flag carrier and one of the country's largest airlines. Headquartered in Montreal, Quebec, the company provides scheduled passenger air transportation to destinations across Canada, the United States, Europe, Asia-Pacific, Latin America and the Caribbean. Its network is supported by regional service operated under the Air Canada Express brand and leisure-focused flights operated by Air Canada Rouge.

The company's principal businesses include passenger airline services, air cargo transportation and vacation travel.

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