Air Canada (OTCMKTS:ACDVF) Short Interest Up 20.1% in June

Air Canada (OTCMKTS:ACDVF) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 9,719,500 shares, an increase of 20.1% from the May 31st total of 8,089,600 shares. Based on an average trading volume of 138,800 shares, the days-to-cover ratio is presently 70.0 days.

Air Canada Price Performance

Shares of ACDVF opened at $13.10 on Friday. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 3.13 and a beta of 2.04. The stock’s fifty day moving average is $13.42 and its 200-day moving average is $13.68. Air Canada has a one year low of $11.52 and a one year high of $19.80. The company has a debt-to-equity ratio of 15.95, a quick ratio of 0.82 and a current ratio of 0.85.

Air Canada (OTCMKTS:ACDVF) last released its earnings results on Thursday, May 2nd. The company reported ($0.20) 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 net margin of 9.92% and a return on equity of 493.84%. Equities analysts anticipate that Air Canada will post 2.64 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.