Short Interest in Air Canada (OTCMKTS:ACDVF) Drops By 28.7%

Air Canada (OTCMKTS:ACDVF) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 2,914,600 shares, a drop of 28.7% from the March 15th total of 4,086,200 shares. Based on an average daily trading volume, of 162,700 shares, the short-interest ratio is presently 17.9 days.

Air Canada Trading Down 3.6 %

Shares of OTCMKTS:ACDVF opened at $13.40 on Friday. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 3.22 and a beta of 1.94. The company has a debt-to-equity ratio of 16.33, a quick ratio of 0.99 and a current ratio of 1.03. The stock’s 50-day simple moving average is $13.77 and its two-hundred day simple moving average is $13.54. Air Canada has a 52-week low of $11.52 and a 52-week high of $19.80.

Air Canada (OTCMKTS:ACDVF) last announced its earnings results on Friday, February 16th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $3.80 billion during the quarter. Air Canada had a negative return on equity of 926.55% and a net margin of 10.47%. Analysts expect that Air Canada will post 3.33 EPS for the current year.

Air Canada Company Profile

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.