Deutsche Lufthansa AG (OTCMKTS:DLAKY) Short Interest Update

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 75,974 shares, a decrease of 43.8% from the May 31st total of 135,289 shares. Based on an average daily volume of 272,061 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Deutsche Lufthansa Price Performance

Shares of OTCMKTS:DLAKY traded down $0.34 during midday trading on Wednesday, hitting $11.06. The company had a trading volume of 25,899 shares, compared to its average volume of 228,009. Deutsche Lufthansa has a twelve month low of $7.91 and a twelve month high of $11.40. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 7.37, a price-to-earnings-growth ratio of 1.28 and a beta of 0.97. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.73. The business’s 50-day simple moving average is $9.63 and its 200-day simple moving average is $9.76.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its 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 net margin of 3.83% and a return on equity of 13.46%. The company had revenue of $10.28 billion during the quarter, compared to analysts’ expectations of $10.29 billion. On average, research analysts predict that Deutsche Lufthansa will post 1.15 earnings per share for the current year.

Hedge Funds Weigh In On Deutsche Lufthansa

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on DLAKY. The Goldman Sachs Group cut Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. Zacks Research upgraded Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Barclays lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Friday, May 8th. Finally, Morgan Stanley cut Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Deutsche Lufthansa Company Profile

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.