Air France-KLM SA (OTCMKTS:AFLYY) Sees Significant Decline in Short Interest

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

Analyst Ratings Changes

AFLYY has been the topic of several recent analyst reports. Citigroup cut Air France-KLM from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Morgan Stanley lowered shares of Air France-KLM from an “equal weight” rating to an “underweight” rating in a report on Tuesday, November 5th. Finally, Barclays lowered shares of Air France-KLM from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Air France-KLM Price Performance

OTCMKTS:AFLYY traded down $0.00 during trading hours on Tuesday, hitting $0.80. 60,821 shares of the company were exchanged, compared to its average volume of 62,078. The company’s 50 day moving average price is $0.79 and its 200-day moving average price is $0.86. Air France-KLM has a 52-week low of $0.70 and a 52-week high of $1.39. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 2.04 and a beta of 1.62.

Air France-KLM (OTCMKTS:AFLYY) last issued its quarterly earnings data on Thursday, November 7th. The transportation company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The firm 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%. On average, equities analysts predict that Air France-KLM will post 0.21 earnings per share for the current year.

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.