Short Interest in Deutsche Lufthansa AG (OTCMKTS:DLAKY) Drops By 87.9%

Deutsche Lufthansa AG (OTCMKTS:DLAKY) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 5,332 shares, a decrease of 87.9% from the December 31st total of 44,103 shares. Based on an average daily trading volume, of 89,783 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 89,783 shares, the days-to-cover ratio is presently 0.1 days.

Deutsche Lufthansa Trading Down 2.0%

Shares of DLAKY stock traded down $0.21 during trading hours on Wednesday, hitting $10.28. 5,338 shares of the company were exchanged, compared to its average volume of 41,502. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.77 and a current ratio of 0.85. Deutsche Lufthansa has a fifty-two week low of $6.21 and a fifty-two week high of $10.68. The company has a 50 day simple moving average of $9.83 and a two-hundred day simple moving average of $9.16. The firm has a market cap of $12.33 billion, a P/E ratio of 6.39, a P/E/G ratio of 0.70 and a beta of 0.86.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. Deutsche Lufthansa had a net margin of 4.45% and a return on equity of 15.73%. The business had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $12.98 billion. Equities analysts anticipate that Deutsche Lufthansa will post 0.87 EPS for the current year.

Institutional Investors Weigh In On Deutsche Lufthansa

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC grew its stake in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,270 shares of the transportation company’s stock after purchasing an additional 8,336 shares during the period. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $78,000 as of its most recent filing with the SEC.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DLAKY. JPMorgan Chase & Co. raised shares of Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research note on Monday, December 1st. Citigroup downgraded Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Zacks Research raised Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 20th. Morgan Stanley raised shares of Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research report on Wednesday, January 7th. Finally, Barclays downgraded shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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.