Air China Ltd. (OTCMKTS:AIRYY) Sees Significant Drop in Short Interest

Air China Ltd. (OTCMKTS:AIRYY) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 16 shares, a decline of 38.5% from the May 31st total of 26 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 237 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Air China from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Air China Stock Performance

Shares of AIRYY stock opened at $10.40 on Thursday. The firm has a market capitalization of $9.07 billion, a price-to-earnings ratio of 32.50 and a beta of 0.13. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 4.13. The business’s 50-day moving average price is $11.63 and its 200-day moving average price is $14.68. Air China has a 12 month low of $10.40 and a 12 month high of $19.00.

Air China (OTCMKTS:AIRYY) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.73) by $1.02. The company had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $2.39 billion. Air China had a return on equity of 5.01% and a net margin of 1.12%.

Air China Company Profile

Air China Limited, trading on the OTCMKTS as AIRYY, is the flag carrier of the People’s Republic of China and one of the country’s major state-owned airlines. Established in 1988 following the restructuring of the Civil Aviation Administration of China (CAAC), Air China offers a broad range of air transportation services for passengers and cargo. Its core operations include scheduled domestic flights, international and regional routes, as well as charter services.

The airline operates a diverse fleet of Airbus and Boeing aircraft, serving more than 200 destinations across six continents.