Air China Limited (OTCMKTS:AIRYY) Short Interest Update

Air China Limited (OTCMKTS:AIRYY) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 4,900 shares, a growth of 4,800.0% from the December 15th total of 100 shares. Based on an average trading volume of 2,400 shares, the days-to-cover ratio is currently 2.0 days.

Separately, Zacks Investment Research downgraded shares of Air China from a “hold” rating to a “sell” rating in a research note on Tuesday, November 16th.

Shares of AIRYY opened at $14.55 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 1.65. Air China has a fifty-two week low of $12.02 and a fifty-two week high of $19.38. The company has a market cap of $10.57 billion, a P/E ratio of -4.46 and a beta of 1.36. The firm’s 50 day moving average price is $13.69 and its 200 day moving average price is $13.55.

Air China (OTCMKTS:AIRYY) last issued its earnings results on Monday, November 1st. The transportation company reported ($0.80) earnings per share (EPS) for the quarter. The company had revenue of $3.06 billion during the quarter. Air China had a negative net margin of 18.58% and a negative return on equity of 19.05%. Research analysts forecast that Air China will post -2.28 earnings per share for the current year.

About Air China

Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, Europe, North America, Japan, Korea, the Asia Pacific, and internationally. The company operates through Airline Operations and Other Operations segments.

See Also: What is a death cross?

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