Air France-KLM SA (OTCMKTS:AFLYY) Short Interest Down 28.6% in October

Air France-KLM SA (OTCMKTS:AFLYY) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 26,200 shares, a drop of 28.6% from the September 30th total of 36,700 shares. Based on an average trading volume of 101,500 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AFLYY. HSBC downgraded Air France-KLM from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Hsbc Global Res upgraded shares of Air France-KLM to a “hold” rating in a research note on Friday, July 12th. BNP Paribas upgraded shares of Air France-KLM from an “underperform” rating to a “neutral” rating in a research report on Thursday, September 19th. Finally, Barclays upgraded shares of Air France-KLM to a “hold” rating in a report on Monday, October 7th.

Air France-KLM Price Performance

Shares of AFLYY stock opened at $1.01 on Friday. Air France-KLM has a fifty-two week low of $0.77 and a fifty-two week high of $1.65. The stock’s 50-day moving average is $0.91 and its two-hundred day moving average is $0.97. The firm has a market cap of $649.06 million, a P/E ratio of 2.59 and a beta of 1.69.

Air France-KLM (OTCMKTS:AFLYY) last released its quarterly earnings data on Thursday, July 25th. The transportation company reported $0.04 EPS for the quarter. The firm had revenue of $8.56 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, research analysts expect that Air France-KLM will post 0.21 EPS for the current year.

Air France-KLM Company Profile

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.