Air France-KLM SA (OTCMKTS:AFLYY) Short interest up 21.9% in September
Air France-KLM SA (OTCMKTS:AFLYY – Get Rating) benefited from a sharp increase in short-term interest in September. As of September 30, there was short interest totaling 81,300 shares, an increase of 21.9% from the total of 66,700 shares as of September 15. Based on an average daily volume of 91,800 shares, the short interest rate is currently 0.9 days.
A Wall Street analyst gives his opinion
Several analysts have recently commented on AFLYY shares. Citigroup raised its price target on Air France-KLM shares from €1.50 ($1.53) to €1.85 ($1.89) and gave the stock a “buy” rating in a research note from Wednesday, August 17. Deutsche Bank Aktiengesellschaft upgraded Air France-KLM shares from a “sell” rating to a “hold” rating in a Friday, June 24 report. HSBC downgraded shares of Air France-KLM from a “buy” rating to a “hold” rating in a Monday, October 3 report. Oddo Bhf upgraded shares of Air France-KLM from a “neutral” rating to an “outperforming” rating in a Monday August 1 report. Finally, UBS Group reduced its price target on Air France-KLM shares from €1.90 ($1.94) to €1.85 ($1.89) and set a “neutral” rating. for the company in a Tuesday, August 9 report. Three analysts rated the stock with a sell rating, five gave the company a hold rating and two assigned a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.50.
Performance of the Air France-KLM share
Shares of OTCMKTS:AFLYY opened at $1.39 on Friday. The company has a fifty-day simple moving average of $1.46 and a 200-day simple moving average of $2.56. Air France-KLM has a 12-month low of $1.15 and a 12-month high of $5.48.
Air France-KLM (OTCMKTS:AFLYY – Get Rating) last announced its quarterly results on Friday July 29. The transportation company reported earnings per share (EPS) of $0.04 for the quarter, beating the consensus estimate of ($0.03) by $0.07. The company had revenue of $7.15 billion for the quarter. As a group, analysts expect Air France-KLM to post -0.15 earnings per share for the current financial year.
About Air France-KLM
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Air France-KLM SA, with its subsidiaries, provides passenger and cargo transport services on scheduled flights in mainland France, Benelux, the rest of Europe and internationally. The Company operates through Network, Maintenance, Transavia and Others segments. It also offers airframe and engine maintenance services; component support services including electronics, mechanics, pneumatics, hydraulics, etc. ; and other services, as well as point-to-point flights to/from the Netherlands and France.
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