Air France-KLM SA (OTCMKTS:AFLYY) Stock Short Interest Declines 40.7%

Air France-KLM SA (OTCMKTS:AFLYY) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 5,915 shares, a drop of 40.7% from the September 15th total of 9,981 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 84,706 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

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

Air France-KLM Stock Performance

Shares of Air France-KLM stock opened at $1.13 on Friday. Air France-KLM has a fifty-two week low of $0.99 and a fifty-two week high of $1.56. The company has a debt-to-equity ratio of 4.83, a current ratio of 0.67 and a quick ratio of 0.61. The firm has a market capitalization of $2.97 billion, a P/E ratio of 2.40 and a beta of 1.46. The company’s 50 day moving average price is $1.28 and its two-hundred day moving average price is $1.28.

Air France-KLM (OTCMKTS:AFLYY) last posted its earnings results on Thursday, July 30th. The transportation company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $10.67 billion during the quarter, compared to the consensus estimate of $10.51 billion. Air France-KLM had a return on equity of 44.05% and a net margin of 3.35%. On average, equities analysts forecast that Air France-KLM will post 0.39 earnings per share for the current fiscal 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.