Deutsche Lufthansa AG (OTCMKTS:DLAKY) Sees Significant Increase in Short Interest

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 82,615 shares, an increase of 326.5% from the April 15th total of 19,371 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 628,536 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Deutsche Lufthansa stock. Sterling Capital Management LLC acquired a new position in Deutsche Lufthansa AG (OTCMKTS:DLAKY) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

Analyst Ratings Changes

Several equities research analysts have commented on DLAKY shares. Barclays lowered shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Friday, May 8th. Zacks Research lowered shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Finally, The Goldman Sachs Group lowered shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Deutsche Lufthansa Stock Performance

Shares of DLAKY stock traded down $0.58 during trading hours on Thursday, hitting $9.15. 106,398 shares of the company were exchanged, compared to its average volume of 245,088. The firm has a fifty day simple moving average of $9.05 and a 200 day simple moving average of $9.55. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.03. Deutsche Lufthansa has a 52-week low of $7.21 and a 52-week high of $11.29. The stock has a market capitalization of $10.97 billion, a price-to-earnings ratio of 6.10, a P/E/G ratio of 1.13 and a beta of 0.92.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its quarterly earnings results on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.35). Deutsche Lufthansa had a return on equity of 13.91% and a net margin of 3.83%.The company had revenue of $10.28 billion for the quarter, compared to analysts’ expectations of $10.29 billion. Research analysts predict that Deutsche Lufthansa will post 1.15 earnings per share for the current fiscal year.

About Deutsche Lufthansa

Deutsche Lufthansa AG is a leading global aviation company headquartered in Cologne, Germany, and is recognized as one of the world’s largest airline groups. Founded in its modern form in 1953, the company traces its heritage back to the original Deutsche Luft Hansa established in 1926. Lufthansa operates passenger and cargo services under its flagship brand, as well as through numerous subsidiaries including Swiss International Air Lines, Austrian Airlines, Brussels Airlines and the low-cost carrier Eurowings.

The group’s passenger network spans Europe, the Americas, Asia, Africa and the Middle East, with primary hubs at Frankfurt Airport and Munich Airport.