Air China Ltd. (OTCMKTS:AIRYY) Stock Short Interest Drops 41.4%

Air China Ltd. (OTCMKTS:AIRYY) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,402 shares, a drop of 41.4% from the September 15th total of 2,392 shares. Based on an average daily volume of 986 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.0% of the shares of the company are short sold.

Air China Price Performance

Shares of AIRYY opened at $8.89 on Friday. The firm’s 50 day simple moving average is $9.80 and its 200 day simple moving average is $10.80. Air China has a 1-year low of $8.60 and a 1-year high of $19.00.

Analyst Upgrades and Downgrades

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

Air China Company Profile

Air China Limited is the flag carrier of the People’s Republic of China and is headquartered in Beijing. Established in 1988, the company provides scheduled passenger air transportation, air cargo and mail services, and related aviation services. Its operations serve major cities throughout mainland China and connect the country with destinations across Asia, Europe, North America, Oceania, and other international markets.

The company operates under the Air China brand and offers domestic, regional, and long-haul international flights.