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

Air France-KLM SA (OTCMKTS:AFLYY) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 70,838 shares, an increase of 231.7% from the July 15th total of 21,356 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 85,394 shares, the days-to-cover ratio is currently 0.8 days.

Air France-KLM Stock Performance

Shares of OTCMKTS AFLYY opened at $1.40 on Thursday. The company has a debt-to-equity ratio of 4.26, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market cap of $3.68 billion, a P/E ratio of 2.98, a P/E/G ratio of 0.21 and a beta of 1.40. The firm’s fifty day moving average is $1.39 and its two-hundred day moving average is $1.27. Air France-KLM has a 52-week low of $0.99 and a 52-week high of $1.76.

Air France-KLM (OTCMKTS:AFLYY) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. Air France-KLM had a net margin of 3.35% and a return on equity of 45.11%. The business had revenue of $10.67 billion during the quarter, compared to the consensus estimate of $10.51 billion. As a group, analysts anticipate that Air France-KLM will post 0.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AFLYY has been the topic of a number of analyst reports. Citigroup restated a “neutral” rating on shares of Air France-KLM in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Air France-KLM in a research note on Monday, June 22nd. Royal Bank Of Canada restated a “sector perform” rating on shares of Air France-KLM in a research report on Wednesday, August 5th. Kepler Capital Markets lowered Air France-KLM from a “hold” rating to a “reduce” rating in a research note on Friday, July 17th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Air France-KLM in a research report on Wednesday, July 8th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Air France-KLM has an average rating of “Hold”.

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.