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

Air France-KLM SA (OTCMKTS:AFLYY) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 21,600 shares, an increase of 142.7% from the March 31st total of 8,900 shares. Based on an average daily trading volume, of 82,100 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

Air France-KLM Price Performance

Shares of OTCMKTS:AFLYY opened at $0.85 on Wednesday. Air France-KLM has a 1-year low of $0.70 and a 1-year high of $1.25. The stock has a market cap of $2.23 billion, a P/E ratio of 2.18 and a beta of 1.50. The firm has a fifty day moving average price of $0.91 and a 200 day moving average price of $0.86.

Air France-KLM (OTCMKTS:AFLYY) last announced its earnings results on Thursday, March 6th. The transportation company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.05). The business had revenue of $8.40 billion for the quarter, compared to analyst estimates of $7.71 billion. Air France-KLM had a negative return on equity of 53.38% and a net margin of 2.47%. Sell-side analysts expect that Air France-KLM will post 0.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AFLYY shares. Citigroup cut Air France-KLM from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Redburn Atlantic raised shares of Air France-KLM from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 25th. UBS Group cut shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 25th. Barclays cut Air France-KLM from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 15th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Air France-KLM in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Air France-KLM presently has a consensus rating of “Hold”.

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.