Deutsche Lufthansa AG (OTCMKTS:DLAKY) Short Interest Up 326.5% in April

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 82,615 shares, an increase of 326.5% from the April 15th total of 19,371 shares. Based on an average daily volume of 628,536 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

DLAKY has been the topic of a number of analyst reports. The Goldman Sachs Group downgraded shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Barclays downgraded shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Friday, May 8th. Finally, Zacks Research downgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Deutsche Lufthansa Stock Performance

Shares of DLAKY stock traded down $0.12 during trading hours on Wednesday, hitting $9.72. The company’s stock had a trading volume of 35,919 shares, compared to its average volume of 245,886. The company has a 50 day moving average of $9.06 and a 200 day moving average of $9.54. The stock has a market cap of $11.66 billion, a PE ratio of 6.48, a price-to-earnings-growth ratio of 1.10 and a beta of 0.92. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.03. Deutsche Lufthansa has a 12-month low of $7.21 and a 12-month high of $11.29.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted 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 13.91%. The firm had revenue of $10.28 billion during the quarter, compared to analyst estimates of $10.29 billion. On average, sell-side analysts forecast that Deutsche Lufthansa will post 1.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Deutsche Lufthansa

A hedge fund recently bought a new stake in Deutsche Lufthansa stock. Sterling Capital Management LLC bought a new stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

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.