Air France-KLM SA (OTCMKTS:AFLYY) Short Interest Down 40.5% in June

Air France-KLM SA (OTCMKTS:AFLYY) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 15,910 shares, a drop of 40.5% from the June 15th total of 26,743 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 129,389 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

AFLYY has been the subject of a number of research reports. Morgan Stanley reiterated an “overweight” rating on shares of Air France-KLM in a report on Wednesday, July 8th. Zacks Research lowered Air France-KLM from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Air France-KLM in a research report on Monday, June 22nd. Finally, Kepler Capital Markets downgraded Air France-KLM from a “hold” rating to a “reduce” rating in a research report on Friday. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Air France-KLM Trading Down 5.5%

OTCMKTS:AFLYY opened at $1.37 on Friday. Air France-KLM has a one year low of $0.99 and a one year high of $1.76. The company has a debt-to-equity ratio of 4.26, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market cap of $3.60 billion, a P/E ratio of 2.11, a P/E/G ratio of 0.23 and a beta of 1.39. The firm has a 50-day simple moving average of $1.34 and a 200-day simple moving average of $1.26.

Air France-KLM (OTCMKTS:AFLYY) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.08). The business had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.77 billion. Air France-KLM had a return on equity of 71.16% and a net margin of 4.77%. Equities analysts anticipate that Air France-KLM will post 0.41 EPS for the current fiscal 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.