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Investors are Betting Against Erickson Air-Crane Inc. (EAC) Should You?

Zacks Equity Research

Many investors appear to be quite bearish Erickson Air-Crane Inc. (EAC) especially if you look at the percentage of the float that is sold short for this stock. Currently, 42.7% of the float is sold short, suggesting an extreme level of bearishness for EAC.

However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we actually have a Zacks Rank #2 (Buy) on EAC, so we clearly don’t believe in the negativity surrounding this firm, and are instead looking for shares of EAC to move higher in the weeks ahead.

ERICKSON AIR CRANE (EAC): Free Stock Analysis ReportZacks Investment Research