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

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.