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

Air France-KLM SA (OTCMKTS:AFLYY) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 59,581 shares, a growth of 39.3% from the February 26th total of 42,775 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 510,870 shares, the short-interest ratio is presently 0.1 days.

Air France-KLM Price Performance

Shares of AFLYY opened at $1.03 on Friday. The stock has a market cap of $2.71 billion, a PE ratio of 1.56, a price-to-earnings-growth ratio of 0.06 and a beta of 1.23. The company has a debt-to-equity ratio of 5.39, a quick ratio of 0.56 and a current ratio of 0.62. Air France-KLM has a fifty-two week low of $0.75 and a fifty-two week high of $1.76. The firm’s 50-day simple moving average is $1.24 and its two-hundred day simple moving average is $1.28.

Air France-KLM (OTCMKTS:AFLYY) last released its earnings results on Thursday, February 19th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.19. Air France-KLM had a net margin of 5.00% and a return on equity of 100.70%. The firm had revenue of $9.53 billion during the quarter, compared to analyst estimates of $9.43 billion. Analysts anticipate that Air France-KLM will post 0.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded Air France-KLM from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 19th. Royal Bank Of Canada initiated coverage on Air France-KLM in a report on Tuesday, January 20th. They set a “hold” rating for the company. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a research note on Friday, February 20th. Barclays upgraded shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, March 9th. Finally, JPMorgan Chase & Co. upgraded shares of Air France-KLM from a “neutral” rating to an “overweight” rating in a report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Air France-KLM currently has a consensus rating of “Moderate Buy”.

About Air France-KLM

Air France-KLM is a leading European airline group formed in 2004 through the merger of France’s flagship carrier Air France and the Netherlands’ national airline KLM Royal Dutch Airlines. Headquartered in Paris and Amstelveen, the group provides passenger, cargo and maintenance services across a global network, connecting major hubs in Europe, North America, Asia, Africa and Latin America.

The company’s primary business activities include scheduled passenger transport on short, medium and long-haul routes; air freight operations under Air France-KLM Cargo; and technical support and maintenance services through AFI KLM E&M.