Air France-KLM SA (OTCMKTS:AFLYY) Short Interest Down 73.3% in October

Air France-KLM SA (OTCMKTS:AFLYY) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 7,000 shares, a drop of 73.3% from the October 15th total of 26,200 shares. Based on an average daily volume of 69,500 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

AFLYY has been the subject of several research reports. Barclays raised Air France-KLM to a “hold” rating in a report on Monday, October 7th. Morgan Stanley downgraded Air France-KLM from an “equal weight” rating to an “underweight” rating in a report on Tuesday, November 5th. Finally, BNP Paribas upgraded Air France-KLM from an “underperform” rating to a “neutral” rating in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Air France-KLM Stock Down 2.3 %

AFLYY traded down $0.02 during trading on Tuesday, reaching $0.85. 79,376 shares of the company were exchanged, compared to its average volume of 47,006. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 8.50 and a beta of 1.69. The company’s 50-day moving average is $0.94 and its two-hundred day moving average is $0.96. Air France-KLM has a 12-month low of $0.77 and a 12-month high of $1.65.

Air France-KLM Company Profile

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.