Air China Limited (OTCMKTS:AICAF) Sees Significant Drop in Short Interest

Air China Limited (OTCMKTS:AICAF) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 74,000 shares, a drop of 24.5% from the December 15th total of 98,000 shares. Based on an average daily trading volume, of 7,600 shares, the days-to-cover ratio is currently 9.7 days.

Air China Stock Performance

AICAF opened at $0.65 on Wednesday. Air China has a 12-month low of $0.45 and a 12-month high of $0.71. The stock has a 50-day moving average price of $0.60 and a 200-day moving average price of $0.53.

Air China Company Profile

Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, China, and internationally. The company operates in Airline Operations and Other Operations segments. It provides aircraft engineering and airport ground handling services.