Short Interest in Air France-KLM SA (OTCMKTS:AFLYY) Declines By 40.5%

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

Analysts Set New Price Targets

Several equities analysts have issued reports on AFLYY shares. Zacks Research cut shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Air France-KLM in a report on Monday, June 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Air France-KLM in a report on Wednesday, July 8th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Air France-KLM Stock Down 1.4%

Shares of OTCMKTS:AFLYY opened at $1.45 on Friday. Air France-KLM has a 52-week low of $0.99 and a 52-week high of $1.76. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 4.26. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 2.23, a price-to-earnings-growth ratio of 0.24 and a beta of 1.39. The company has a 50 day moving average of $1.33 and a two-hundred day moving average of $1.26.

Air France-KLM (OTCMKTS:AFLYY) last announced its earnings results on Thursday, April 30th. The transportation company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). The business had revenue of $8.77 billion for 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%. As a group, analysts forecast that Air France-KLM will post 0.41 earnings per share for the current fiscal year.

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.