Deutsche Lufthansa AG (OTCMKTS:DLAKY) Short Interest Update

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

Institutional Trading of Deutsche Lufthansa

A number of hedge funds and other institutional investors have recently bought and sold shares of DLAKY. Sterling Capital Management LLC bought a new position in shares of Deutsche Lufthansa in the first quarter worth about $204,000. GAMMA Investing LLC grew its stake in shares of Deutsche Lufthansa by 52.1% during the 2nd quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock valued at $159,000 after acquiring an additional 4,779 shares during the period. Finally, Fulton Bank N.A. purchased a new stake in Deutsche Lufthansa in the 2nd quarter worth approximately $120,000.

Wall Street Analyst Weigh In

DLAKY has been the topic of several analyst reports. Barclays downgraded Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Friday, May 8th. Morgan Stanley downgraded Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 26th. Citigroup lowered shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Finally, Zacks Research raised Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Deutsche Lufthansa Stock Down 1.6%

Shares of DLAKY stock opened at $9.06 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.94. Deutsche Lufthansa has a 12 month low of $7.91 and a 12 month high of $11.53. The stock has a market cap of $10.89 billion, a P/E ratio of 13.52, a P/E/G ratio of 0.57 and a beta of 0.96. The company has a 50 day simple moving average of $10.12 and a two-hundred day simple moving average of $9.71.

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). Deutsche Lufthansa had a return on equity of 5.79% and a net margin of 1.63%.The company had revenue of $12.84 billion during the quarter, compared to analysts’ expectations of $12.76 billion. On average, research analysts expect that Deutsche Lufthansa will post 1 earnings per share for the current 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.