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

Air France-KLM SA (OTCMKTS:AFLYY) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 14,700 shares, an increase of 465.4% from the September 15th total of 2,600 shares. Based on an average daily volume of 101,200 shares, the short-interest ratio is presently 0.1 days.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Air France-KLM from a “sell” rating to a “hold” rating in a report on Monday, October 4th. UBS Group reaffirmed a “neutral” rating on shares of Air France-KLM in a report on Tuesday, August 3rd. Finally, Barclays reaffirmed an “equal weight” rating on shares of Air France-KLM in a report on Wednesday. Six investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Sell” and an average target price of $5.50.

OTCMKTS:AFLYY opened at $4.69 on Thursday. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of -0.33 and a beta of 1.63. Air France-KLM has a 52-week low of $3.09 and a 52-week high of $6.88. The stock has a fifty day moving average of $4.79 and a 200 day moving average of $5.22.

Air France-KLM (OTCMKTS:AFLYY) last posted its quarterly earnings data on Friday, July 30th. The transportation company reported ($2.89) earnings per share (EPS) for the quarter. The company had revenue of $3.31 billion during the quarter. On average, equities analysts predict that Air France-KLM will post -9.08 earnings per share for the current year.

About Air France-KLM

Air France-KLM SA provides passenger and cargo air transportation services. Its activities include cargo, aeronautics maintenance, and other air transport related activities, such as catering and charter services. The firm operates through the following segments: Network, Maintenance, Transavia, and Other.

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