Short Interest in Air France-KLM SA (OTCMKTS:AFLYY) Drops By 64.2%

Air France-KLM SA (OTCMKTS:AFLYYGet Free Report) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 6,800 shares, a decrease of 64.2% from the December 31st total of 19,000 shares. Based on an average daily volume of 112,600 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Morgan Stanley downgraded Air France-KLM from an “equal weight” rating to an “underweight” rating in a report on Tuesday, November 5th. Citigroup cut Air France-KLM from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Barclays cut Air France-KLM from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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Air France-KLM Stock Performance

Shares of AFLYY opened at $0.80 on Thursday. The company has a market capitalization of $2.09 billion, a P/E ratio of 2.04 and a beta of 1.62. Air France-KLM has a one year low of $0.70 and a one year high of $1.37. The stock has a 50-day moving average price of $0.79 and a 200 day moving average price of $0.86.

Air France-KLM (OTCMKTS:AFLYYGet Free Report) last announced its quarterly earnings results on Thursday, November 7th. The transportation company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The company had revenue of $9.87 billion for the quarter. Air France-KLM had a negative return on equity of 53.38% and a net margin of 2.47%. As a group, equities research analysts forecast that Air France-KLM will post 0.21 earnings per share for the current fiscal year.

About Air France-KLM

(Get Free Report)

Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services and aeronautical maintenance in Metropolitan France, Benelux, rest of Europe, and internationally. The company operates through three segments: Airframe maintenance, Engine Maintenance, and Component Support.

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