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 decline in short interest during the month of October. As of October 31st, there was short interest totalling 7,000 shares, a decline of 73.3% from the October 15th total of 26,200 shares. Based on an average daily trading volume, of 69,500 shares, the days-to-cover ratio is currently 0.1 days.

Air France-KLM Price Performance

AFLYY stock opened at $0.83 on Wednesday. Air France-KLM has a 1-year low of $0.77 and a 1-year high of $1.65. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 8.30 and a beta of 1.69. The business has a 50 day simple moving average of $0.94 and a two-hundred day simple moving average of $0.96.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays raised shares of Air France-KLM to a “hold” rating in a research report on Monday, October 7th. BNP Paribas upgraded Air France-KLM from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 19th. Finally, Morgan Stanley downgraded Air France-KLM from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the stock currently 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.