Deutsche Lufthansa AG (OTCMKTS:DLAKY) Short Interest Update

Deutsche Lufthansa AG (OTCMKTS:DLAKY) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 13,600 shares, an increase of 13,500.0% from the August 15th total of 100 shares. Based on an average trading volume of 108,900 shares, the short-interest ratio is currently 0.1 days.

Shares of OTCMKTS:DLAKY opened at $9.51 on Wednesday. Deutsche Lufthansa has a 52-week low of $8.11 and a 52-week high of $15.56. The firm has a market capitalization of $5.68 billion, a P/E ratio of -0.91 and a beta of 1.35. The stock has a 50 day moving average price of $10.85 and a 200-day moving average price of $12.39. The company has a debt-to-equity ratio of 4.22, a quick ratio of 0.74 and a current ratio of 0.78.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its earnings results on Tuesday, August 3rd. The transportation company reported ($1.52) earnings per share (EPS) for the quarter. Deutsche Lufthansa had a negative return on equity of 198.47% and a negative net margin of 44.35%. The firm had revenue of $3.87 billion during the quarter. On average, equities analysts forecast that Deutsche Lufthansa will post -4.65 EPS for the current fiscal year.

A hedge fund recently raised its stake in Deutsche Lufthansa stock. Parametric Portfolio Associates LLC increased its stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 476,607 shares of the transportation company’s stock after buying an additional 23,163 shares during the period. Parametric Portfolio Associates LLC owned 0.08% of Deutsche Lufthansa worth $5,379,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.08% of the company’s stock.

DLAKY has been the subject of a number of recent research reports. Zacks Investment Research lowered Deutsche Lufthansa from a “hold” rating to a “sell” rating in a research note on Tuesday, July 13th. UBS Group reaffirmed a “sell” rating on shares of Deutsche Lufthansa in a research report on Monday, August 9th. Morgan Stanley set a $11.96 price target on Deutsche Lufthansa and gave the company an “underweight” rating in a research report on Monday, July 12th. The Goldman Sachs Group lowered Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research report on Monday, June 7th. Finally, Barclays reaffirmed an “underweight” rating on shares of Deutsche Lufthansa in a research report on Wednesday, June 16th. Ten investment analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. According to MarketBeat.com, Deutsche Lufthansa presently has a consensus rating of “Sell” and a consensus price target of $13.98.

About Deutsche Lufthansa

Deutsche Lufthansa AG engages in the provision of passenger, freight, and cargo airline services. It operates through the following segments: Network Airlines, Eurowings, Logistics, Maintenance Repair Overhaul, Catering and Additional Businesses and Group Functions. The Network Airlines segment comprises Lufthansa German Airlines, SWISS, and Austrian Airlines.

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