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

Air France-KLM SA (OTCMKTS:AFLYY) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 45,571 shares, an increase of 61.8% from the January 29th total of 28,167 shares. Based on an average daily trading volume, of 119,194 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 119,194 shares, the days-to-cover ratio is currently 0.4 days.

Air France-KLM Stock Down 6.0%

AFLYY stock opened at $1.41 on Monday. The firm has a 50-day moving average price of $1.31 and a 200-day moving average price of $1.35. Air France-KLM has a 12 month low of $0.75 and a 12 month high of $1.76. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 5.64. The stock has a market capitalization of $3.71 billion, a P/E ratio of 2.14, a price-to-earnings-growth ratio of 0.09 and a beta of 1.23.

Air France-KLM (OTCMKTS:AFLYY) last released its quarterly earnings data on Thursday, February 19th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.19. Air France-KLM had a net margin of 5.00% and a return on equity of 118.01%. The business had revenue of $9.53 billion during the quarter, compared to analysts’ expectations of $9.43 billion. As a group, equities research analysts anticipate that Air France-KLM will post 0.21 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada began coverage on shares of Air France-KLM in a research report on Tuesday, January 20th. They issued a “hold” rating for the company. Barclays reiterated an “underweight” rating on shares of Air France-KLM in a research note on Tuesday, February 24th. Citigroup restated a “neutral” rating on shares of Air France-KLM in a research report on Friday, February 20th. JPMorgan Chase & Co. upgraded shares of Air France-KLM from a “neutral” rating to an “overweight” rating in a research report on Monday, December 1st. Finally, Zacks Research upgraded Air France-KLM from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Air France-KLM presently has a consensus rating of “Moderate Buy”.

About Air France-KLM

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.