Air Canada (OTCMKTS:ACDVF) Short Interest Up 37.8% in April

Air Canada (OTCMKTS:ACDVF) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 4,017,600 shares, a growth of 37.8% from the March 31st total of 2,914,600 shares. Based on an average daily volume of 132,500 shares, the short-interest ratio is currently 30.3 days.

Air Canada Stock Up 0.4 %

Shares of OTCMKTS:ACDVF opened at $14.65 on Friday. The business’s 50 day moving average is $13.88 and its 200 day moving average is $13.55. Air Canada has a 12-month low of $11.52 and a 12-month high of $19.80. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 3.39 and a beta of 1.94. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 16.33.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings data on Friday, February 16th. The company reported ($0.09) earnings per share for the quarter. Air Canada had a net margin of 10.47% and a negative return on equity of 926.55%. The company had revenue of $3.80 billion for the quarter. On average, sell-side analysts forecast that Air Canada will post 3.33 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.