Air France-KLM SA (OTCMKTS:AFLYY) Short Interest Update

Key Points

• Air France-KLM recorded a 630.1% increase in short interest to 113,049 shares as of April 15 (from 15,484 on March 31), though reported shorted stock is 0.0% and the short-interest ratio is just 0.4 days based on average daily volume.
• The company beat quarterly estimates with EPS $0.23 vs $0.04 expected and revenue $9.53B vs $9.43B, while trading at a low PE of 1.64 and a market cap of $2.84 billion.
• Several firms have upgraded or reassessed the stock (Oddo Bhf to "outperform", Barclays to "equal weight"), but the consensus remains an "Hold" (2 Buys, 6 Holds).

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 113,049 shares, an increase of 630.1% from the March 31st total of 15,484 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 318,369 shares, the short-interest ratio is currently 0.4 days.

Air France-KLM Stock Performance

Shares of AFLYY stock traded down $0.01 during trading on Friday, reaching $1.08. The company had a trading volume of 142,001 shares, compared to its average volume of 143,710. The company has a market capitalization of $2.84 billion, a PE ratio of 1.64, a PEG ratio of 0.17 and a beta of 1.36. The company has a debt-to-equity ratio of 5.39, a current ratio of 0.62 and a quick ratio of 0.56. The firm's 50 day simple moving average is $1.19 and its two-hundred day simple moving average is $1.24. Air France-KLM has a one year low of $0.81 and a one year high of $1.76.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last posted its earnings results on Thursday, February 19th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.43 billion. Sell-side analysts forecast that Air France-KLM will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on AFLYY. Oddo Bhf raised Air France-KLM from a "neutral" rating to an "outperform" rating in a report on Friday, February 6th. Barclays upgraded shares of Air France-KLM from an "underweight" rating to an "equal weight" rating in a research note on Monday, March 9th. Royal Bank Of Canada started coverage on shares of Air France-KLM in a research note on Tuesday, January 20th. They issued a "hold" rating on the stock. Zacks Research cut shares of Air France-KLM from a "strong-buy" rating to a "hold" rating in a report on Monday, April 13th. Finally, Citigroup restated a "neutral" rating on shares of Air France-KLM in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average 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.

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