Air France-KLM SA (OTCMKTS:AFLYY) Sees Significant Decrease in Short Interest

Air France-KLM SA (OTCMKTS:AFLYYGet Rating) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 14,500 shares, a drop of 22.0% from the April 15th total of 18,600 shares. Based on an average daily volume of 49,800 shares, the days-to-cover ratio is presently 0.3 days.

OTCMKTS:AFLYY opened at $3.99 on Monday. Air France-KLM has a 12-month low of $3.42 and a 12-month high of $6.07. The stock’s 50 day simple moving average is $4.30 and its 200-day simple moving average is $4.48.

Air France-KLM (OTCMKTS:AFLYYGet Rating) last announced its quarterly earnings data on Thursday, February 17th. The transportation company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.84) by $0.73. The firm had revenue of $5.53 billion during the quarter. Equities analysts predict that Air France-KLM will post -1.61 earnings per share for the current year.

Several research analysts have commented on AFLYY shares. Zacks Investment Research raised Air France-KLM from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research report on Tuesday, May 10th. Citigroup lifted their target price on shares of Air France-KLM from €4.20 ($4.42) to €4.40 ($4.63) in a report on Tuesday, April 26th. Finally, Barclays decreased their price target on shares of Air France-KLM from €4.60 ($4.84) to €4.00 ($4.21) and set an “equal weight” rating for the company in a research note on Friday, April 22nd. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.35.

About Air France-KLM (Get Rating)

Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services on scheduled flights in Metropolitan France, Benelux, rest of Europe, and internationally. The company operates through Network, Maintenance, Transavia, and Other segments. It also offers airframe and engine maintenance services; component support services comprising electronic, mechanical, pneumatic, hydraulic, etc.; and other services, as well as operates point-to-point flights to/from the Netherlands and France.

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