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

Air France-KLM SA (OTCMKTS:AFLYY) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 6,800 shares, a drop of 64.2% from the December 15th total of 19,000 shares. Based on an average daily trading volume, of 112,600 shares, the days-to-cover ratio is currently 0.1 days.

Air France-KLM Price Performance

Shares of AFLYY traded down $0.03 during midday trading on Monday, hitting $0.71. 25,975 shares of the company traded hands, compared to its average volume of 97,339. The stock has a 50-day moving average of $0.82 and a 200-day moving average of $0.87. The firm has a market cap of $1.87 billion, a P/E ratio of 1.82 and a beta of 1.62. Air France-KLM has a one year low of $0.71 and a one year high of $1.40.

Wall Street Analysts Forecast Growth

AFLYY has been the topic of several research reports. Citigroup downgraded shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Barclays raised shares of Air France-KLM to a “hold” rating in a research report on Monday, October 7th. Morgan Stanley cut shares of Air France-KLM from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, November 5th. Finally, BNP Paribas raised Air France-KLM from an “underperform” rating to a “neutral” rating in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

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.