Air France-KLM SA (OTCMKTS:AFLYY) Short Interest Down 65.8% in June

Air France-KLM SA (OTCMKTS:AFLYY) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 26,743 shares, a drop of 65.8% from the May 31st total of 78,296 shares. Based on an average daily volume of 175,841 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Air France-KLM Stock Performance

Shares of OTCMKTS AFLYY opened at $1.52 on Friday. The stock has a market cap of $3.99 billion, a PE ratio of 2.34, a price-to-earnings-growth ratio of 0.30 and a beta of 1.40. Air France-KLM has a 1 year low of $0.99 and a 1 year high of $1.76. The firm has a fifty day moving average price of $1.24 and a 200-day moving average price of $1.24. The company has a debt-to-equity ratio of 5.39, a current ratio of 0.62 and a quick ratio of 0.56.

Air France-KLM (OTCMKTS:AFLYY) last released its earnings results on Thursday, April 30th. The transportation company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). The firm had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.77 billion. Air France-KLM had a net margin of 4.77% and a return on equity of 82.05%. Equities analysts anticipate that Air France-KLM will post 0.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Barclays raised Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, March 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Air France-KLM in a research note on Monday, June 22nd. Morgan Stanley raised Air France-KLM from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th. Finally, Zacks Research downgraded Air France-KLM from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Air France-KLM has a consensus rating of “Hold”.

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.