Air France-KLM SA (OTCMKTS:AFLYY) Short Interest Down 28.6% in October

Air France-KLM SA (OTCMKTS:AFLYY) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 26,200 shares, a drop of 28.6% from the September 30th total of 36,700 shares. Based on an average daily trading volume, of 101,500 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AFLYY shares. Barclays upgraded shares of Air France-KLM to a “hold” rating in a report on Monday, October 7th. HSBC lowered Air France-KLM from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Hsbc Global Res upgraded Air France-KLM to a “hold” rating in a report on Friday, July 12th. Finally, BNP Paribas raised Air France-KLM from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 19th.

Air France-KLM Stock Up 5.8 %

AFLYY stock opened at $1.01 on Monday. The company has a 50 day moving average of $0.91 and a two-hundred day moving average of $0.97. Air France-KLM has a 12-month low of $0.77 and a 12-month high of $1.65. The company has a market cap of $649.06 million, a price-to-earnings ratio of 2.59 and a beta of 1.69.

Air France-KLM (OTCMKTS:AFLYY) last issued its earnings results on Thursday, July 25th. The transportation company reported $0.04 EPS for the quarter. Air France-KLM had a negative return on equity of 53.38% and a net margin of 2.47%. The firm had revenue of $8.56 billion for the quarter. On average, research analysts anticipate that Air France-KLM will post 0.21 EPS for the current year.

About Air France-KLM

Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services and aeronautical maintenance in Metropolitan France, Benelux, rest of Europe, and internationally. The company operates through three segments: Airframe maintenance, Engine Maintenance, and Component Support.