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

Air France-KLM SA (OTCMKTS:AFLYY) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 113,049 shares, a growth of 630.1% from the March 31st total of 15,484 shares. Based on an average daily trading volume, of 318,369 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

AFLYY has been the subject of several recent research reports. Barclays upgraded shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, March 9th. Oddo Bhf upgraded shares of Air France-KLM from a “neutral” rating to an “outperform” rating in a report on Friday, February 6th. Citigroup restated a “neutral” rating on shares of Air France-KLM in a report on Friday, February 20th. Royal Bank Of Canada started coverage on shares of Air France-KLM in a report on Tuesday, January 20th. They issued a “hold” rating for the company. Finally, Zacks Research lowered shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Air France-KLM Trading Down 0.5%

OTCMKTS:AFLYY opened at $1.08 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.56 and a debt-to-equity ratio of 5.39. Air France-KLM has a 12 month low of $0.81 and a 12 month high of $1.76. The company has a market cap of $2.84 billion, a PE ratio of 1.64, a price-to-earnings-growth ratio of 0.16 and a beta of 1.36. The company has a 50 day simple moving average of $1.18 and a two-hundred day simple moving average of $1.24.

Air France-KLM (OTCMKTS:AFLYY) last posted its earnings results on Thursday, February 19th. The transportation company reported $0.23 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 100.70%. The business had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.43 billion. Research analysts forecast that Air France-KLM will post 0.46 earnings per share for the current year.

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.