Short Interest in Air Canada (OTCMKTS:ACDVF) Increases By 17.6%

Air Canada (OTCMKTS:ACDVFGet Rating) was the recipient of a large increase in short interest in December. As of December 30th, there was short interest totalling 3,128,900 shares, an increase of 17.6% from the December 15th total of 2,659,800 shares. Based on an average daily trading volume, of 31,300 shares, the days-to-cover ratio is presently 100.0 days.

Air Canada Stock Up 0.6 %

ACDVF stock opened at $16.24 on Friday. The business’s fifty day moving average is $14.52 and its 200-day moving average is $13.90. The company has a market cap of $5.84 billion, a P/E ratio of -2.91 and a beta of 1.91. Air Canada has a twelve month low of $11.86 and a twelve month high of $20.43.

Air Canada (OTCMKTS:ACDVFGet Rating) last issued its quarterly earnings data on Friday, October 28th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.41 by $0.11. The business had revenue of $4.08 billion for the quarter. Research analysts anticipate that Air Canada will post -2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ACDVF shares. Canaccord Genuity Group upped their price objective on Air Canada from C$23.00 to C$26.00 in a report on Monday, October 31st. CIBC upped their price objective on Air Canada from C$30.00 to C$31.00 in a report on Wednesday, December 14th. TD Securities increased their price target on Air Canada from C$25.00 to C$26.00 in a research note on Wednesday, November 16th. BMO Capital Markets cut their price target on Air Canada from C$35.00 to C$30.00 in a research note on Thursday, October 13th. Finally, Scotiabank cut their price target on Air Canada from C$26.00 to C$25.00 in a research note on Tuesday, October 11th.

About Air Canada

(Get Rating)

Air Canada provides airline transportation services. It engages in full-service airline, scheduled passenger and cargo services, serving more than two hundred airports on six continents. It operates through the following geographical segments: Canada, U.S. Transborder, Atlantic, Pacific, and Other. The company was founded on April 11, 1936 and is headquartered in Saint-Laurent, Canada.

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