Short Interest in Advantage Energy Ltd. (OTCMKTS:AAVVF) Decreases By 28.0%

Advantage Energy Ltd. (OTCMKTS:AAVVF) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 1,616,500 shares, a drop of 28.0% from the March 15th total of 2,246,200 shares. Based on an average trading volume of 46,500 shares, the short-interest ratio is presently 34.8 days. Currently, 1.0% of the company’s stock are sold short.

Advantage Energy Trading Up 2.2 %

Shares of OTCMKTS:AAVVF opened at $7.21 on Friday. Advantage Energy has a 52-week low of $5.54 and a 52-week high of $8.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $1.21 billion, a P/E ratio of 36.05 and a beta of 1.26. The company has a 50-day simple moving average of $6.81 and a 200 day simple moving average of $6.65.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AAVVF shares. Cormark upgraded Advantage Energy to a “moderate buy” rating in a report on Thursday, March 6th. Raymond James raised Advantage Energy to a “moderate buy” rating in a report on Monday, April 7th. Finally, National Bank Financial upgraded shares of Advantage Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, January 20th.

Advantage Energy Company Profile

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.