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

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the target of a significant decrease in short interest during 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 volume of 89,783 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 89,783 shares, the days-to-cover ratio is presently 0.1 days.

Deutsche Lufthansa Stock Down 2.0%

Shares of OTCMKTS:DLAKY traded down $0.21 during mid-day trading on Wednesday, reaching $10.28. 5,918 shares of the stock were exchanged, compared to its average volume of 41,514. The stock’s 50 day simple moving average is $9.83 and its 200-day simple moving average is $9.16. Deutsche Lufthansa has a one year low of $6.21 and a one year high of $10.68. The company 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. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 1.05.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. Deutsche Lufthansa had a return on equity of 15.73% and a net margin of 4.45%.The firm had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $12.98 billion. As a group, equities research analysts predict 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 boosted its position in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,270 shares of the transportation company’s stock after purchasing an additional 8,336 shares during the quarter. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $78,000 at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DLAKY shares. Kepler Capital Markets raised Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Friday, December 12th. Barclays lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 14th. Zacks Research upgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. JPMorgan Chase & Co. raised shares of Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research note on Monday, December 1st. Finally, Morgan Stanley raised shares of Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.