Deutsche Lufthansa AG (OTCMKTS:DLAKY) Short Interest Update

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 35,810 shares, a decrease of 56.5% from the November 30th total of 82,294 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 83,985 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 83,985 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

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 shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,270 shares of the transportation company’s stock after acquiring 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.

Deutsche Lufthansa Stock Down 0.5%

OTCMKTS:DLAKY traded down $0.05 during mid-day trading on Friday, hitting $9.85. 12,404 shares of the company’s stock were exchanged, compared to its average volume of 35,976. Deutsche Lufthansa has a one year low of $5.69 and a one year high of $10.16. The business has a fifty day moving average price of $9.17 and a 200 day moving average price of $8.89. The company has a market cap of $11.80 billion, a PE ratio of 6.12, a P/E/G ratio of 1.38 and a beta of 0.89. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.85 and a quick ratio of 0.77.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its quarterly earnings data on Thursday, October 30th. The transportation company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The company had revenue of $13.06 billion during the quarter, compared to analyst estimates of $12.98 billion. Deutsche Lufthansa had a return on equity of 15.73% and a net margin of 4.45%. Equities analysts predict that Deutsche Lufthansa will post 0.87 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DLAKY. Kepler Capital Markets upgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Friday, December 12th. JPMorgan Chase & Co. upgraded Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research report on Monday, December 1st. Citigroup lowered shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Finally, Morgan Stanley assumed coverage on Deutsche Lufthansa in a research note on Wednesday, October 15th. They issued an “underweight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued 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 “Hold”.

About Deutsche Lufthansa

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.