Air France-KLM SA (OTCMKTS:AFLYY) Short Interest Up 39.3% in March

Air France-KLM SA (OTCMKTS:AFLYY) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 59,581 shares, a growth of 39.3% from the February 26th total of 42,775 shares. Based on an average daily volume of 510,870 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Air France-KLM Stock Down 3.7%

Shares of OTCMKTS AFLYY opened at $1.03 on Friday. The firm’s fifty day moving average is $1.24 and its 200 day moving average is $1.28. Air France-KLM has a 52 week low of $0.75 and a 52 week high of $1.76. The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 5.39. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 1.56, a PEG ratio of 0.06 and a beta of 1.23.

Air France-KLM (OTCMKTS:AFLYY) last announced its quarterly earnings results on Thursday, February 19th. The transportation company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.19. The business had revenue of $9.53 billion during the quarter, compared to analysts’ expectations of $9.43 billion. Air France-KLM had a net margin of 5.00% and a return on equity of 100.70%. On average, equities research analysts expect that Air France-KLM will post 0.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AFLYY. Zacks Research upgraded Air France-KLM from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 19th. Oddo Bhf upgraded shares of Air France-KLM from a “neutral” rating to an “outperform” rating in a research report on Friday, February 6th. Barclays raised shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a research note on Monday, March 9th. Royal Bank Of Canada assumed coverage on shares of Air France-KLM in a research note on Tuesday, January 20th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. raised shares of Air France-KLM from a “neutral” rating to an “overweight” rating in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Air France-KLM currently 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.