Short Interest in Advantage Energy Ltd. (OTCMKTS:AAVVF) Drops By 14.0%

Advantage Energy Ltd. (OTCMKTS:AAVVF) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 2,203,900 shares, a decline of 14.0% from the September 15th total of 2,563,700 shares. Based on an average daily volume of 27,000 shares, the short-interest ratio is presently 81.6 days.

Wall Street Analyst Weigh In

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

Advantage Energy Price Performance

Shares of Advantage Energy stock opened at $6.84 on Tuesday. The company has a fifty day moving average price of $6.87 and a 200 day moving average price of $7.38. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38. Advantage Energy has a twelve month low of $5.90 and a twelve month high of $8.58. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 16.27 and a beta of 1.61.

Advantage Energy (OTCMKTS:AAVVF) last issued its earnings results on Thursday, July 25th. The company reported ($0.05) earnings per share for the quarter. Advantage Energy had a return on equity of 5.13% and a net margin of 15.40%. The company had revenue of $73.57 million during the quarter. Equities research analysts forecast that Advantage Energy will post 0.36 earnings per share for the current fiscal year.

Advantage Energy Company Profile

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.