Short Interest Coverage: Could Avianca Holdings SA (NYSE:AVH) Change Direction After Less Shorts?

November 25, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Coverage: Could Avianca Holdings SA (NYSE:AVH) Change Direction After Less Shorts?

The stock of Avianca Holdings SA (NYSE:AVH) registered a decrease of 15.06% in short interest. AVH’s total short interest was 576,200 shares in November as published by FINRA. Its down 15.06% from 678,400 shares, reported previously. With 112,900 shares average volume, it will take short sellers 5 days to cover their AVH’s short positions. The short interest to Avianca Holdings SA’s float is 1.37%. The stock decreased 0.58% or $0.04 on November 23, hitting $6.89. Avianca Holdings SA (ADR) (NYSE:AVH) has risen 15.99% since April 22, 2016 and is uptrending. It has outperformed by 10.58% the S&P500.

Avianca Holdings SA is a Panama-based firm engaged, through its subsidiaries, in the provision of air transportation services for passengers and commercial purposes. The company has a market cap of $293.35 million. The Firm was originally established as a strategic alliance between Aerovias del Continente Americano SA and Grupo TACA Holdings Limited (GTH), and it mainly operates in North, Central and South America, the Caribbean and Europe. It currently has negative earnings. In addition, through codeshare agreements, the Company is active in the operation of other international passenger air routes.

Avianca Holdings SA (ADR) (NYSE:AVH) Ratings Coverage

Out of 4 analysts covering Avianca Holdings SA (NYSE:AVH), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Avianca Holdings SA has been the topic of 5 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The rating was upgraded by Bank of America to “Neutral” on Monday, July 11. Standpoint Research initiated it with “Buy” rating and $10 target price in Friday, August 21 report.

More notable recent Avianca Holdings SA (ADR) (NYSE:AVH) news were published by: Marketwatch.com which released: “Avianca Holdings SA ADR” on November 30, 2012, also Quotes.Wsj.com with their article: “DOW JONES, A NEWS CORP COMPANY” published on October 14, 2013, Seekingalpha.com published: “Avianca Holdings: An Attractive Airline Stock In The Current Low Oil Price …” on January 19, 2015. More interesting news about Avianca Holdings SA (ADR) (NYSE:AVH) were released by: Businesswire.com and their article: “Avianca Holdings SA 2013: Financial and Operational Results” published on March 03, 2014 as well as Marketwatch.com‘s news article titled: “United Continental, Delta may vie to buy Avianca” with publication date: June 03, 2016.

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By Winifred Garcia


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