Short Interest in Advantage Energy Ltd. (OTCMKTS:AAVVF) Decreases By 5.5%

Advantage Energy Ltd. (OTCMKTS:AAVVF) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 2,403,300 shares, a drop of 5.5% from the October 31st total of 2,543,300 shares. Based on an average daily trading volume, of 62,000 shares, the short-interest ratio is presently 38.8 days.

Advantage Energy Stock Down 1.9 %

AAVVF stock opened at $6.34 on Wednesday. Advantage Energy has a twelve month low of $5.90 and a twelve month high of $8.58. The company has a market cap of $1.06 billion, a PE ratio of 32.30 and a beta of 1.58. The business’s 50-day simple moving average is $6.60 and its 200 day simple moving average is $7.08. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42.

Advantage Energy (OTCMKTS:AAVVF) last posted its earnings results on Thursday, October 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). Advantage Energy had a net margin of 8.62% and a return on equity of 2.88%. The firm had revenue of $106.19 million during the quarter, compared to the consensus estimate of $119.27 million. On average, research analysts anticipate that Advantage Energy will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, National Bank Financial lowered Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th.

About Advantage Energy

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.