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

Air France-KLM SA (OTCMKTS:AFLYYGet Rating) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 200 shares, a decrease of 98.6% from the April 30th total of 14,500 shares. Based on an average daily trading volume, of 50,300 shares, the days-to-cover ratio is presently 0.0 days.

A number of equities analysts recently issued reports on AFLYY shares. Zacks Investment Research raised Air France-KLM from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a report on Tuesday, May 10th. Barclays reduced their target price on Air France-KLM from €4.60 ($4.89) to €4.00 ($4.26) and set an “equal weight” rating for the company in a report on Friday, April 22nd. Finally, Citigroup increased their price objective on Air France-KLM from €4.20 ($4.47) to €4.40 ($4.68) in a report on Tuesday, April 26th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $4.35.

Shares of AFLYY stock opened at $3.72 on Thursday. Air France-KLM has a 12-month low of $3.42 and a 12-month high of $6.07. The firm has a fifty day moving average of $4.30 and a 200-day moving average of $4.44.

Air France-KLM (OTCMKTS:AFLYYGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The transportation company reported ($1.05) EPS for the quarter, beating the consensus estimate of ($1.26) by $0.21. The company had revenue of $4.99 billion during the quarter. Equities analysts expect that Air France-KLM will post -1.61 EPS for the current fiscal year.

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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