Air France-KLM SA (OTCMKTS:AFLYY) Sees Large Drop in Short Interest

Air France-KLM SA (OTCMKTS:AFLYY) was the target of 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. Based on an average daily trading volume, of 84,706 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

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

Air France-KLM Trading Down 0.9%

Shares of Air France-KLM stock opened at $1.12 on Friday. The firm has a market capitalization of $2.94 billion, a PE ratio of 2.38 and a beta of 1.46. 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 company’s fifty day moving average price is $1.28 and its two-hundred day moving average price is $1.28. Air France-KLM has a 52-week low of $0.99 and a 52-week high of $1.56.

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

Air France-KLM Company Profile

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.