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

Key Points

• Short interest plunged 89.5% to 5,900 shares as of August 31, representing just 0.0% of outstanding shares and a short-interest ratio of 0.1 days.
• Air France-KLM shares were flat at $1.30, with a $3.42 billion market capitalization; the stock has traded between $0.99 and $1.59 over the past year.
• The company exceeded quarterly earnings expectations, reporting $0.07 per share versus the $0.05 consensus and $10.67 billion in revenue. Analysts overall maintain a “Hold” consensus, with three Buy ratings and six Holds.

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 5,900 shares, a decline of 89.5% from the August 15th total of 56,204 shares. Based on an average trading volume of 59,993 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Air France-KLM Stock Performance

Shares of OTCMKTS:AFLYY remained flat at $1.30 on Thursday. The stock had a trading volume of 10,849 shares, compared to its average volume of 101,589. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 2.77 and a beta of 1.39. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 4.83. The business has a 50-day moving average of $1.37 and a 200 day moving average of $1.27. Air France-KLM has a twelve month low of $0.99 and a twelve month high of $1.59.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The transportation company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. Air France-KLM had a net margin of 3.35% and a return on equity of 44.05%. The business had revenue of $10.67 billion for the quarter, compared to analysts' expectations of $10.51 billion. As a group, equities research analysts predict that Air France-KLM will post 0.44 earnings per share for the current year.

Analysts Set New Price Targets

AFLYY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Air France-KLM in a report on Monday, June 22nd. Kepler Capital Markets raised Air France-KLM from a "reduce" rating to a "hold" rating in a research note on Tuesday, August 25th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Air France-KLM in a research note on Wednesday, August 5th. Citigroup restated a "neutral" rating on shares of Air France-KLM in a report on Monday, August 3rd. Finally, Morgan Stanley reissued an "overweight" rating on shares of Air France-KLM in a research note on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Air France-KLM 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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