Air France-KLM SA (OTCMKTS:AFLYY) Sees Significant Decrease in Short Interest
by Jessica Moore · The Cerbat GemAir France-KLM SA (OTCMKTS:AFLYY – Get Free Report) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 2,036 shares, a decline of 92.7% from the November 30th total of 28,005 shares. Based on an average daily trading volume, of 124,887 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 124,887 shares, the short-interest ratio is presently 0.0 days.
Analysts Set New Price Targets
AFLYY has been the topic of several research reports. JPMorgan Chase & Co. raised Air France-KLM from a “neutral” rating to an “overweight” rating in a report on Monday, December 1st. Morgan Stanley assumed coverage on Air France-KLM in a research note on Wednesday, October 15th. They set an “equal weight” rating on the stock. Finally, Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold”.
Check Out Our Latest Stock Report on Air France-KLM
Air France-KLM Price Performance
AFLYY remained flat at $1.28 during trading on Wednesday. 49,765 shares of the company traded hands, compared to its average volume of 50,297. Air France-KLM has a one year low of $0.70 and a one year high of $1.76. The firm’s 50 day moving average price is $1.24 and its two-hundred day moving average price is $1.32. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 5.64. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 3.20, a P/E/G ratio of 0.15 and a beta of 1.30.
Air France-KLM (OTCMKTS:AFLYY – Get Free Report) last released its earnings results on Thursday, November 6th. The transportation company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.09). Air France-KLM had a net margin of 3.21% and a return on equity of 82.86%. The company had revenue of $10.63 billion during the quarter, compared to analysts’ expectations of $10.92 billion. On average, equities research analysts forecast that Air France-KLM will post 0.21 EPS 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.