Air France-KLM SA (OTCMKTS:AFLYY) Short Interest Down 74.0% in March

Key Points

• Short interest down 74% in March to 15,484 shares as of March 31, leaving 0.0% of shares sold short and a days-to-cover ratio of 0.0.
• EPS beat: the company reported $0.23 EPS vs. $0.04 expected and $9.53 billion in revenue (vs. $9.43B consensus), with a reported net margin of 5.0% and return on equity of 100.7%.
• Shares are trading higher with a low valuation (market cap ~$3.12B and P/E 1.80), and analysts hold a consensus rating of “Moderate Buy” after several recent upgrades.

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totaling 15,484 shares, a decrease of 74.0% from the March 15th total of 59,581 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily volume of 372,658 shares, the days-to-cover ratio is currently 0.0 days.

Air France-KLM Stock Up 2.5%

Shares of OTCMKTS:AFLYY opened at $1.19 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 5.39. Air France-KLM has a 52-week low of $0.79 and a 52-week high of $1.76. The company has a 50 day moving average of $1.22 and a two-hundred day moving average of $1.25. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 1.80, a price-to-earnings-growth ratio of 0.07 and a beta of 1.36.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.43 billion. As a group, analysts forecast that Air France-KLM will post 0.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AFLYY has been the subject of a number of research analyst reports. Zacks Research raised shares of Air France-KLM from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 19th. Citigroup reissued a "neutral" rating on shares of Air France-KLM in a research report on Friday, February 20th. Oddo Bhf raised shares of Air France-KLM from a "neutral" rating to an "outperform" rating in a research report on Friday, February 6th. Royal Bank Of Canada initiated coverage on shares of Air France-KLM in a research report on Tuesday, January 20th. They set a "hold" rating for the company. Finally, Barclays raised shares of Air France-KLM from an "underweight" rating to an "equal weight" rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Air France-KLM Company Profile

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.

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