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

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 5,332 shares, a drop of 87.9% from the December 31st total of 44,103 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 89,783 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 89,783 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DLAKY. Morgan Stanley upgraded shares of Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. raised Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a report on Monday, December 1st. Barclays downgraded Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 14th. Zacks Research upgraded Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. Finally, Kepler Capital Markets upgraded Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Deutsche Lufthansa has an average rating of “Moderate Buy”.

Institutional Trading of Deutsche Lufthansa

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC boosted its stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,270 shares of the transportation company’s stock after acquiring an additional 8,336 shares during the period. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $78,000 as of its most recent SEC filing.

Deutsche Lufthansa Stock Down 0.1%

DLAKY traded down $0.01 during trading hours on Thursday, hitting $10.31. 8,805 shares of the company’s stock were exchanged, compared to its average volume of 40,995. The firm has a market cap of $12.36 billion, a P/E ratio of 6.40, a price-to-earnings-growth ratio of 0.71 and a beta of 0.86. Deutsche Lufthansa has a 12-month low of $6.21 and a 12-month high of $10.68. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 1.05. The firm has a 50 day moving average of $9.85 and a 200 day moving average of $9.17.

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

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.