Air France-KLM SA (OTCMKTS:AFLYY) Short Interest Up 231.7% in July

Key Points

• Short interest surged 231.7% in July to 70,838 shares, up from 21,356 shares as of July 15. Despite the increase, short interest represents 0.0% of outstanding shares and equals 0.8 days of average trading volume.
• Analyst sentiment remains mixed, with three Buy ratings, five Holds, and one Sell; MarketBeat’s consensus rating is Hold. Kepler Capital Markets recently downgraded the stock to “reduce,” while Morgan Stanley maintained an “overweight” rating.
• Air France-KLM reported quarterly EPS of $0.07, beating estimates by $0.02, while revenue of $10.67 billion exceeded expectations. Shares were trading at $1.40, with the company valued at approximately $3.68 billion.

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 70,838 shares, an increase of 231.7% from the July 15th total of 21,356 shares. Based on an average daily volume of 85,394 shares, the short-interest ratio is currently 0.8 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

AFLYY has been the topic of several research analyst reports. Kepler Capital Markets cut Air France-KLM from a "hold" rating to a "reduce" rating in a report on Friday, July 17th. Morgan Stanley reiterated an "overweight" rating on shares of Air France-KLM in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Air France-KLM in a report on Monday, June 22nd. Citigroup reissued a "neutral" rating on shares of Air France-KLM in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Air France-KLM in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Air France-KLM has an average rating of "Hold".

Air France-KLM Trading Up 1.5%

Shares of AFLYY stock opened at $1.40 on Thursday. 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 $1.39 and a 200-day moving average price of $1.27. The company has a debt-to-equity ratio of 4.26, a current ratio of 0.72 and a quick ratio of 0.66. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 2.98, a PEG ratio of 0.21 and a beta of 1.40.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last announced its earnings results on Thursday, July 30th. The transportation company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. The company had revenue of $10.67 billion for the quarter, compared to analysts' expectations of $10.51 billion. Air France-KLM had a return on equity of 45.11% and a net margin of 3.35%. As a group, equities analysts predict that Air France-KLM will post 0.44 earnings per share for the current year.

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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