Air Canada (OTCMKTS:ACDVF) Short Interest Update

Air Canada (OTCMKTS:ACDVFGet Free Report) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 4,678,900 shares, a growth of 18.9% from the April 30th total of 3,936,100 shares. Based on an average trading volume of 393,800 shares, the short-interest ratio is presently 11.9 days.

Air Canada Stock Up 2.0 %

Shares of Air Canada stock opened at $13.09 on Friday. The company has a debt-to-equity ratio of 16.33, a current ratio of 1.03 and a quick ratio of 0.99. The company has a market capitalization of $4.69 billion, a P/E ratio of 3.13 and a beta of 1.91. The business has a 50-day moving average of $14.01 and a two-hundred day moving average of $13.72. Air Canada has a 1 year low of $11.52 and a 1 year high of $19.80.

Air Canada (OTCMKTS:ACDVFGet Free Report) last released its earnings results on Thursday, May 2nd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.22). The company had revenue of $3.88 billion for the quarter. Air Canada had a return on equity of 711.50% and a net margin of 9.92%. As a group, equities analysts predict that Air Canada will post 2.64 EPS for the current year.

About Air Canada

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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.

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