Air China Ltd. (OTCMKTS:AIRYY) Stock Short Interest Report for October

Air China Ltd. (OTCMKTS:AIRYY) saw a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 730 shares, a decrease of 54.2% from the October 15th total of 1,595 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 323 shares, the days-to-cover ratio is presently 2.3 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Air China to a “hold” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, Air China presently has a consensus rating of “Hold”.

Air China Stock Performance

Shares of AIRYY stock remained flat at $9.92 on Friday. 64 shares of the stock were exchanged, compared to its average volume of 159. The company has a market cap of $8.65 billion, a P/E ratio of -10.55 and a beta of 0.11. The firm has a 50-day moving average of $9.48 and a 200-day moving average of $11.96. Air China has a twelve month low of $8.60 and a twelve month high of $19.00.

Air China (OTCMKTS:AIRYY) last released its quarterly earnings results on Thursday, October 29th. The transportation company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.73) by $0.79. The firm had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.57 billion. Air China had a negative net margin of 3.02% and a negative return on equity of 14.97%. Analysts anticipate that Air China will post -0.91 EPS for the current year.

Air China Company Profile

Air China Limited is a Chinese airline that provides scheduled passenger and cargo transportation, along with related airline services. Headquartered in Beijing, it serves destinations across China and operates international routes connecting the country with markets in Asia, Europe, North America and other regions. The company was established in 1988 and is one of China’s principal flag carriers. Air China is a member of the Star Alliance, a global airline network whose members coordinate routes and passenger services.