Air France-KLM SA (OTCMKTS:AFLYY) Short Interest Down 92.7% in December

Air France-KLM SA (OTCMKTS:AFLYY) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 2,036 shares, a drop of 92.7% from the November 30th total of 28,005 shares. Based on an average daily trading volume, of 124,887 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 124,887 shares, the days-to-cover ratio is presently 0.0 days.

Air France-KLM Price Performance

Shares of AFLYY stock opened at $1.28 on Thursday. The stock’s fifty day simple moving average is $1.24 and its 200 day simple moving average is $1.32. Air France-KLM has a one year low of $0.70 and a one year high of $1.76. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 3.20, a P/E/G ratio of 0.15 and a beta of 1.30. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.65 and a quick ratio of 0.60.

Air France-KLM (OTCMKTS:AFLYY) last issued its quarterly earnings data on Thursday, November 6th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.09). Air France-KLM had a net margin of 3.21% and a return on equity of 82.86%. The company had revenue of $10.63 billion for the quarter, compared to the consensus estimate of $10.92 billion. On average, analysts expect that Air France-KLM will post 0.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AFLYY shares. Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research report on Thursday, December 11th. JPMorgan Chase & Co. upgraded shares of Air France-KLM from a “neutral” rating to an “overweight” rating in a research note on Monday, December 1st. Finally, Morgan Stanley assumed coverage on shares of Air France-KLM in a research note on Wednesday, October 15th. They issued an “equal weight” rating for the company. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Air France-KLM currently has a consensus rating of “Hold”.

Air France-KLM Company Profile

Air France-KLM is a leading European airline group formed in 2004 through the merger of France’s flagship carrier Air France and the Netherlands’ national airline KLM Royal Dutch Airlines. Headquartered in Paris and Amstelveen, the group provides passenger, cargo and maintenance services across a global network, connecting major hubs in Europe, North America, Asia, Africa and Latin America.

The company’s primary business activities include scheduled passenger transport on short, medium and long-haul routes; air freight operations under Air France-KLM Cargo; and technical support and maintenance services through AFI KLM E&M.