Air France-KLM SA (OTCMKTS:AFLYY) Shares Shorted: Short Interest Up 69.2% in September

Air France-KLM SA (OTCMKTS:AFLYY) was the recipient of a significant growth in short interest in the month of 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 short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Air France-KLM Price Performance

OTCMKTS AFLYY opened at $1.26 on Thursday. The stock has a market capitalization of $3.31 billion, a PE ratio of 2.68 and a beta of 1.39. Air France-KLM has a twelve month low of $0.99 and a twelve month high of $1.56. The stock has a 50-day simple moving average of $1.32 and a 200 day simple moving average of $1.27. The company has a debt-to-equity ratio of 4.83, a quick ratio of 0.61 and a current ratio of 0.67.

Air France-KLM (OTCMKTS:AFLYY) last posted its quarterly earnings results on Thursday, July 30th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $10.67 billion for the quarter, compared to analyst estimates of $10.51 billion. Research analysts anticipate that Air France-KLM will post 0.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AFLYY shares. Kepler Capital Markets raised shares of Air France-KLM from a “reduce” rating to a “hold” rating in a report on Tuesday, August 25th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Air France-KLM in a research note on Wednesday, August 5th. Citigroup reissued a “neutral” rating on shares of Air France-KLM in a report on Monday, August 3rd. Morgan Stanley restated an “overweight” rating on shares of Air France-KLM in a report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed 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 issued a Hold rating to the company’s stock. According to MarketBeat, Air France-KLM currently has an average rating of “Hold”.

About Air France-KLM

Air France-KLM is a global airline group whose principal businesses include passenger air transportation, air cargo, aircraft maintenance, and related travel services. The group operates through well-known brands including Air France, KLM Royal Dutch Airlines, Transavia, and Air France Hop. Its services include scheduled international and domestic flights, leisure and low-cost air travel, freight transportation, aircraft engineering and maintenance, and the Flying Blue customer loyalty program.

The group was formed in 2004 through the combination of Air France and KLM.