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

Air France-KLM SA (OTCMKTS:AFLYY) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 16,200 shares, a decline of 80.7% from the September 30th total of 83,900 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 302,700 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 302,700 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Air France-KLM Stock Performance

OTCMKTS:AFLYY opened at $1.32 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.55 and a debt-to-equity ratio of 8.69. Air France-KLM has a 12-month low of $0.70 and a 12-month high of $1.76. The stock has a 50-day moving average price of $1.48 and a 200 day moving average price of $1.24. The stock has a market capitalization of $3.47 billion, a P/E ratio of 3.14, a P/E/G ratio of 0.12 and a beta of 1.85.

Air France-KLM (OTCMKTS:AFLYY) last released its earnings results on Thursday, July 31st. The transportation company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.07. Air France-KLM had a return on equity of 116.09% and a net margin of 3.30%.The firm had revenue of $9.66 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Equities research analysts forecast that Air France-KLM will post 0.21 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays upgraded Air France-KLM from an “underweight” rating to an “equal weight” rating in a research note on Monday, August 4th. Citigroup restated a “neutral” rating on shares of Air France-KLM in a research note on Thursday. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Air France-KLM in a research note on Friday, July 4th. Finally, Morgan Stanley initiated coverage on Air France-KLM in a research note on Wednesday, October 15th. They issued an “equal weight” rating for the company. One investment analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Air France-KLM Company Profile

Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services and aeronautical maintenance in Metropolitan France, Benelux, rest of Europe, and internationally. The company operates through three segments: Airframe maintenance, Engine Maintenance, and Component Support.