Short Interest in Deutsche Lufthansa AG (OTCMKTS:DLAKY) Declines By 40.5%

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 60,649 shares, a decline of 40.5% from the July 30th total of 101,999 shares. Based on an average daily trading volume, of 131,850 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Deutsche Lufthansa

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in shares of Deutsche Lufthansa by 52.1% during the second quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock worth $159,000 after buying an additional 4,779 shares in the last quarter. Fulton Bank N.A. purchased a new stake in shares of Deutsche Lufthansa during the second quarter worth approximately $120,000. Finally, Sterling Capital Management LLC acquired a new stake in Deutsche Lufthansa in the first quarter valued at approximately $204,000.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DLAKY shares. Zacks Research upgraded Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Citigroup downgraded Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Barclays lowered shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Friday, May 8th. Finally, Morgan Stanley cut shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Deutsche Lufthansa presently has a consensus rating of “Reduce”.

Deutsche Lufthansa Stock Performance

OTCMKTS:DLAKY opened at $9.21 on Monday. Deutsche Lufthansa has a 52 week low of $7.91 and a 52 week high of $11.53. The company has a fifty day simple moving average of $10.15 and a two-hundred day simple moving average of $9.72. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.94. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 0.57 and a beta of 0.96.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its quarterly earnings data 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). The company had revenue of $12.84 billion during the quarter, compared to analyst estimates of $12.76 billion. Deutsche Lufthansa had a net margin of 1.63% and a return on equity of 5.79%. As a group, equities analysts anticipate that Deutsche Lufthansa will post 1 earnings per share for the current fiscal year.

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.