Deutsche Lufthansa AG (OTCMKTS:DLAKY) Stock Short Interest Report for October

Deutsche Lufthansa AG (OTCMKTS:DLAKY) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 47,627 shares, a decline of 58.0% from the September 30th total of 113,405 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 373,592 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Deutsche Lufthansa

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in Deutsche Lufthansa by 52.1% in the 2nd quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock valued at $159,000 after buying an additional 4,779 shares during the period. Fulton Bank N.A. purchased a new position in shares of Deutsche Lufthansa in the 2nd quarter valued at $120,000. Finally, Sterling Capital Management LLC purchased a new stake in Deutsche Lufthansa during the 1st quarter worth $204,000.

Deutsche Lufthansa Stock Down 1.3%

Deutsche Lufthansa stock traded down $0.11 during mid-day trading on Friday, reaching $8.05. 180,486 shares of the company were exchanged, compared to its average volume of 208,986. Deutsche Lufthansa has a 12-month low of $7.82 and a 12-month high of $11.53. The firm has a market cap of $9.68 billion, a P/E ratio of 12.01, a PEG ratio of 0.55 and a beta of 0.97. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.78 and a current ratio of 0.86. The business has a fifty day moving average of $8.62 and a 200 day moving average of $9.52.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its earnings results on Tuesday, August 4th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.21). Deutsche Lufthansa had a net margin of 1.63% and a return on equity of 5.74%. The firm had revenue of $12.84 billion during the quarter, compared to analyst estimates of $12.76 billion. Research analysts anticipate that Deutsche Lufthansa will post 0.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DLAKY has been the topic of several recent research reports. Zacks Research downgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 1st. Citigroup downgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

About Deutsche Lufthansa

Deutsche Lufthansa AG is a Germany-based aviation group and the parent company of the Lufthansa Group. Its principal business is the transportation of passengers and cargo through a portfolio of airlines serving domestic, European and international markets. The group’s major passenger carriers include Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Discover Airlines.

In addition to scheduled passenger flights, the Lufthansa Group provides air cargo services through Lufthansa Cargo and aircraft maintenance, repair and overhaul services through Lufthansa Technik.