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.

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