Air France-KLM SA (OTCMKTS:AFLYY) Stock Short Interest Jumps 69.2%

Key Points

• Short interest in Air France-KLM rose 69.2% to 9,981 shares as of September 15, up from 5,900 shares at the end of August. Despite the increase, short interest represents approximately 0.0% of shares outstanding, with a days-to-cover ratio of just 0.2.
• The stock opened at $1.30, with a $3.42 billion market capitalization, and was up 3.2%. In its latest quarter, Air France-KLM reported adjusted earnings of $0.07 per share and revenue of $10.67 billion, exceeding analyst expectations.
• Analyst sentiment remains mixed but leans cautious: three analysts rate the stock Buy and six rate it Hold, resulting in an overall “Hold” consensus.

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 9,981 shares, a growth of 69.2% from the August 31st total of 5,900 shares. Based on an average daily trading volume, of 50,736 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Air France-KLM Stock Up 3.2%

Shares of OTCMKTS:AFLYY opened at $1.30 on Wednesday. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 2.77 and a beta of 1.39. Air France-KLM has a 12 month low of $0.99 and a 12 month high of $1.56. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 4.83. The company has a 50-day moving average price of $1.32 and a 200 day moving average price of $1.27.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $0.07 earnings per share for the quarter, topping the consensus estimate 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 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.

Analyst Ratings Changes

Several equities analysts recently weighed in on AFLYY shares. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Air France-KLM in a research note on Wednesday, August 5th. Citigroup reiterated a "neutral" rating on shares of Air France-KLM in a report on Monday, August 3rd. Morgan Stanley reiterated an "overweight" rating on shares of Air France-KLM in a research note on Wednesday, July 8th. 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 restated 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 given a Hold rating to the company. According to data from MarketBeat.com, Air France-KLM currently has an average rating of "Hold".

About Air France-KLM

Air France-KLM is a European airline group formed in 2004 through the merger of Air France and KLM Royal Dutch Airlines. The group operates passenger and cargo air transportation through its principal airline brands, Air France and KLM, along with low-cost carrier Transavia. Its airlines serve domestic, European and long-haul international routes linking Europe with destinations across North America, Latin America, Asia, Africa and the Middle East.

Air France is based in France and operates major hubs at Paris-Charles de Gaulle and Paris-Orly airports, while KLM is headquartered in the Netherlands and uses Amsterdam Airport Schiphol as its primary hub.

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