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

Air France-KLM SA (OTCMKTS:AFLYY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 9,981 shares, a growth of 69.2% from the August 31st total of 5,900 shares. Based on an average daily trading volume, of 50,736 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Several analysts have recently issued reports on AFLYY shares. Morgan Stanley restated an “overweight” rating on shares of Air France-KLM in a research report on Wednesday, July 8th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Air France-KLM in a research report on Wednesday, August 5th. Citigroup reissued a “neutral” rating on shares of Air France-KLM in a research note on Monday, August 3rd. Kepler Capital Markets upgraded Air France-KLM from a “reduce” rating to a “hold” rating in a research report on Tuesday, August 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Air France-KLM in a research note on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Air France-KLM Price Performance

AFLYY opened at $1.24 on Friday. The business has a fifty day moving average of $1.32 and a 200 day moving average of $1.27. Air France-KLM has a 52-week low of $0.99 and a 52-week high of $1.56. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 4.83. The stock has a market cap of $3.26 billion, a P/E ratio of 2.64 and a beta of 1.46.

Air France-KLM (OTCMKTS:AFLYY) last released its earnings results on Thursday, July 30th. The transportation company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Air France-KLM had a return on equity of 44.05% and a net margin of 3.35%.The business had revenue of $10.67 billion for the quarter, compared to analyst estimates of $10.51 billion. As a group, sell-side analysts anticipate that Air France-KLM will post 0.44 EPS for the current year.

About Air France-KLM

Air France-KLM is a global airline group whose principal businesses include passenger air transportation, air cargo, aircraft maintenance, and related travel services. The group operates through well-known brands including Air France, KLM Royal Dutch Airlines, Transavia, and Air France Hop. Its services include scheduled international and domestic flights, leisure and low-cost air travel, freight transportation, aircraft engineering and maintenance, and the Flying Blue customer loyalty program.

The group was formed in 2004 through the combination of Air France and KLM.