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

Deutsche Lufthansa AG (OTCMKTS:DLAKY) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 113,405 shares, a growth of 71.3% from the September 15th total of 66,191 shares. Based on an average daily trading volume, of 683,884 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Deutsche Lufthansa Price Performance

Shares of OTCMKTS DLAKY opened at $8.18 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 1.02. Deutsche Lufthansa has a twelve month low of $7.84 and a twelve month high of $11.53. The stock has a 50 day moving average of $8.89 and a two-hundred day moving average of $9.46. The stock has a market cap of $9.83 billion, a P/E ratio of 11.53, a P/E/G ratio of 0.52 and a beta of 0.97.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.21). The company had revenue of $12.84 billion for the quarter, compared to analysts’ expectations of $12.76 billion. Deutsche Lufthansa had a net margin of 1.63% and a return on equity of 5.74%. On average, research analysts forecast that Deutsche Lufthansa will post 0.98 earnings per share for the current year.

Analysts Set New Price Targets

DLAKY has been the subject of a number of recent analyst reports. Citigroup cut shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Zacks Research cut Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Deutsche Lufthansa currently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DLAKY. Fulton Bank N.A. purchased a new position in Deutsche Lufthansa during the second quarter worth $120,000. GAMMA Investing LLC raised its holdings in shares of Deutsche Lufthansa by 52.1% in the second quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock worth $159,000 after acquiring an additional 4,779 shares during the last quarter. Finally, Sterling Capital Management LLC purchased a new stake in shares of Deutsche Lufthansa in the first quarter valued at $204,000.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a German aviation and transportation company that operates through the Lufthansa Group. Its principal business is the operation of passenger airlines serving domestic, European and international markets, with major hubs in Frankfurt and Munich and additional hubs across Europe.

The group’s airline portfolio includes Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Discover Airlines. It also provides air cargo services through Lufthansa Cargo, aircraft maintenance, repair and overhaul services through Lufthansa Technik, and travel-related loyalty and service offerings through businesses including Miles & More.

Deutsche Lufthansa was established in 1953, with flight operations beginning in 1955, following the postwar re-establishment of Germany’s national airline.