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

Key Points

• Short interest fell 40.7% to 5,915 shares as of September 30, representing just 0.0% of shares outstanding and a short-interest ratio of 0.1 days.
• Analyst sentiment remains mixed but leans toward “Hold”: three analysts rate the stock Buy, while six rate it Hold. Kepler Capital Markets recently upgraded Air France-KLM from Reduce to Hold.
• Shares opened at $1.13, down 1.6%, while the company’s latest quarterly results exceeded expectations, with EPS of $0.07 versus the $0.05 consensus and revenue of $10.67 billion.

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 5,915 shares, a decline of 40.7% from the September 15th total of 9,981 shares. Based on an average trading volume of 84,706 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Royal Bank Of Canada reissued a "sector perform" rating on shares of Air France-KLM in a report on Wednesday, August 5th. Morgan Stanley restated an "overweight" rating on shares of Air France-KLM in a research note on Wednesday, July 8th. Citigroup reaffirmed a "neutral" rating on shares of Air France-KLM in a report on Monday, August 3rd. Kepler Capital Markets raised shares of Air France-KLM from a "reduce" rating to a "hold" rating in a report on Tuesday, August 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Air France-KLM in a research report on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

Air France-KLM Stock Down 1.6%

Shares of OTCMKTS:AFLYY opened at $1.13 on Thursday. The company has a fifty day moving average of $1.29 and a 200-day moving average of $1.28. The company has a market capitalization of $2.96 billion, a PE ratio of 2.40 and a beta of 1.46. The company has a debt-to-equity ratio of 4.83, a quick ratio of 0.61 and a current ratio of 0.67. Air France-KLM has a 52-week low of $0.99 and a 52-week high of $1.56.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The transportation company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. Air France-KLM had a return on equity of 44.05% and a net margin of 3.35%. The company had revenue of $10.67 billion during the quarter, compared to analysts' expectations of $10.51 billion. On average, equities analysts predict that Air France-KLM will post 0.43 EPS for the current fiscal year.

About Air France-KLM

Air France-KLM is a global airline group whose principal businesses include passenger air transportation, air cargo, aircraft maintenance, and related travel services. The group operates through well-known brands including Air France, KLM Royal Dutch Airlines, Transavia, and Air France Hop. Its services include scheduled international and domestic flights, leisure and low-cost air travel, freight transportation, aircraft engineering and maintenance, and the Flying Blue customer loyalty program.

The group was formed in 2004 through the combination of Air France and KLM.

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