Air Canada (OTCMKTS:ACDVF – Get Rating) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 10,820,400 shares, an increase of 72.3% from the August 31st total of 6,278,700 shares. Based on an average daily trading volume, of 47,900 shares, the days-to-cover ratio is presently 225.9 days.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Canaccord Genuity Group upgraded shares of Air Canada from a "hold" rating to a "buy" rating in a research report on Tuesday, July 12th. TD Securities decreased their price target on shares of Air Canada from C$26.00 to C$25.00 in a research report on Tuesday, June 28th. National Bank Financial decreased their price target on shares of Air Canada from C$31.00 to C$30.00 in a research report on Thursday, July 7th. Canaccord Genuity Group raised shares of Air Canada from a "hold" rating to a "buy" rating in a research note on Tuesday, July 12th. Finally, Scotiabank decreased their price objective on shares of Air Canada from C$31.00 to C$26.00 in a research note on Tuesday, June 28th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Air Canada presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.43.

Air Canada Trading Down 7.3 %

Shares of OTCMKTS:ACDVF opened at $12.22 on Friday. The firm has a fifty day moving average of $13.89 and a two-hundred day moving average of $15.49. The firm has a market capitalization of $4.39 billion, a P/E ratio of -2.06 and a beta of 2.06. Air Canada has a 12-month low of $11.94 and a 12-month high of $22.36. The company has a quick ratio of 1.12, a current ratio of 1.15 and a debt-to-equity ratio of 1,723.47.

About Air Canada

(Get Rating)

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name 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.

Further Reading

• Get a free copy of the StockNews.com research report on Air Canada (ACDVF)
• Humana Proves Vertically Integrated Healthcare Works
• 2 Casino Stocks Worth Taking a Look At
• This Small-Cap Healthcare Name Is Outperforming Its Index
• What Cintas Can Teach Investors About This Bear Market?
• Blackberry Stock Declines As Results Come In Lukewarm Once Again

Receive News & Ratings for Air Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Canada and related companies with MarketBeat.com's FREE daily email newsletter.