Air France-KLM SA (OTCMKTS:AFLYY) sees a significant drop in short-term interest

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Air France-KLM SA (OTCMKTS:AFLYY – Get Rating) saw a sharp drop in short-term interest in July. As of July 15, there was short interest totaling 126,900 shares, down 72.7% from the June 30 total of 465,200 shares. Based on an average daily trading volume of 204,400 shares, the day-to-cover ratio is currently 0.6 days.

Analysts set new price targets

AFLYY has been the subject of several recent analyst reports. Barclays cut its price target on Air France-KLM shares from €4.60 ($4.69) to €4.00 ($4.08) and set an “equal weight” rating on the stock. action in a Friday April 22 research note. Citigroup raised its price target on Air France-KLM shares from €4.20 ($4.29) to €4.40 ($4.49) in a Tuesday, April 26 research report. HSBC launched coverage on Air France-KLM in a Monday June 20 research note. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft upgraded Air France-KLM from a “sell” rating to a “hold” rating in a Friday, June 24 report. Finally, the UBS group reduced its price target on Air France-KLM from €2.10 ($2.14) to €1.90 ($1.94) and set a “neutral” rating on the stock. in a report on Tuesday, June 7. Three investment analysts gave the stock a sell rating and six gave the stock a hold rating. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $2.93.

Performance of the Air France-KLM share

AFLYY stock opened at $1.37 on Thursday. Air France-KLM has a fifty-two week minimum of $1.15 and a fifty-two week maximum of $5.56. The company’s 50-day moving average is $2.52 and its two-hundred-day moving average is $3.76. The company has a debt ratio of 0.77, a current ratio of 0.90 and a quick ratio of 0.86.

Air France-KLM (OTCMKTS:AFLYY – Get Rating) last announced its results on Thursday 5 May. The transportation company reported ($1.05) EPS for the quarter, beating analyst consensus estimates of ($1.26) by $0.21. The company had revenue of $4.99 billion in the quarter. On average, research analysts expect Air France-KLM to post -0.42 EPS for the current financial year.

Announcement of the Air France-KLM dividend

The company also recently announced a dividend, which was paid on Tuesday, June 28. Shareholders of record on Thursday, June 30 received a dividend of $1.5641. The ex-dividend date was Wednesday, June 29. This represents a dividend yield of 49.65%.

Air France-KLM company profile

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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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