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

Air France-KLM SA (OTCMKTS:AFLYY) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 6,800 shares, a drop of 64.2% from the December 15th total of 19,000 shares. Based on an average trading volume of 112,600 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

AFLYY has been the topic of several analyst reports. Citigroup lowered Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Morgan Stanley cut Air France-KLM from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, November 5th. BNP Paribas raised Air France-KLM from an “underperform” rating to a “neutral” rating in a report on Thursday, September 19th. Finally, Barclays upgraded shares of Air France-KLM to a “hold” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Air France-KLM Stock Down 3.7 %

OTCMKTS:AFLYY opened at $0.71 on Wednesday. Air France-KLM has a 12-month low of $0.71 and a 12-month high of $1.40. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 1.82 and a beta of 1.62. The stock’s 50 day moving average price is $0.82 and its two-hundred day moving average price is $0.87.

About Air France-KLM

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.