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Air Canada T.AC

Alternate Symbol(s):  ACDVF

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the airline partner network of 45 airlines, plus through a range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using its passenger and freighter aircraft. Its Air Canada Vacations is a tour operator, which is engaged in developing, marketing, and distributing vacation travel packages in the outbound/inbound leisure travel market. Air Canada Rouge is Air Canada's leisure carrier.


TSX:AC - Post by User

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Post by JuIieRichardson Feb 14, 2024 6:29pm
132 Views
Post# 35880846

AC Total Shares Shorted

AC Total Shares Shorted

As of January 31 report, total shares shorted stood at 8.47 million shares, down from the 9.57 million at 2023 end. The February 15 update will not be available from IIROC until end of next week. But current total shares shorted represent 2.36% of the outstanding shares (358.47 million) or just over 4 trading days based on average trading volume (3 months). It's neither the highest nor the lowest in past 5 years. But sufficient to cause some concerns to those carrying these short positions. 

Interesting to note that WSJ has 16 analysts chiming in. TP average is $29.68, median is $30.00, low is $18.00 and High is $38.00. After Friday's call expect fresh data in by mid next week for funds to begin to digest facts. Current shareholders can enjoy the next  years. Covid is over. 

 

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