Short Interest in Deutsche Lufthansa AG (OTCMKTS:DLAKY) Rises By 63.5%

Key Points

• Short interest in Deutsche Lufthansa AG (DLAKY) increased by 63.5% in August, rising from 32,300 shares to 52,800 shares.
• The company reported $0.95 earnings per share for the last quarter, exceeding analyst expectations of $0.50.
• Recent analyst ratings have been mixed, with one firm downgrading the stock to "market perform" while others have upgraded their ratings, resulting in an average rating of "Hold."

Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 52,800 shares, an increase of 63.5% from the August 15th total of 32,300 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 78,800 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 78,800 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the company's stock are sold short.

Deutsche Lufthansa Stock Performance

Shares of Deutsche Lufthansa stock traded down $0.07 during trading on Thursday, reaching $8.72. The company's stock had a trading volume of 5,936 shares, compared to its average volume of 69,170. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.72 and a current ratio of 0.80. The business's fifty day moving average price is $8.98 and its 200-day moving average price is $8.13. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 5.22, a price-to-earnings-growth ratio of 1.35 and a beta of 1.17. Deutsche Lufthansa has a one year low of $5.69 and a one year high of $9.72.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.45. The business had revenue of $11.85 billion for the quarter, compared to analyst estimates of $11.81 billion. Deutsche Lufthansa had a return on equity of 17.23% and a net margin of 4.76%. As a group, equities research analysts predict that Deutsche Lufthansa will post 0.87 earnings per share for the current year.

Hedge Funds Weigh In On Deutsche Lufthansa

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC lifted its holdings in Deutsche Lufthansa AG (OTCMKTS:DLAKY - Free Report) by 11,248.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,809 shares of the transportation company's stock after purchasing an additional 6,749 shares during the period. GAMMA Investing LLC's holdings in Deutsche Lufthansa were worth $50,000 as of its most recent filing with the SEC.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays raised Deutsche Lufthansa from an "underweight" rating to an "equal weight" rating in a research report on Monday, August 4th. DZ Bank raised Deutsche Lufthansa from a "strong sell" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Sanford C. Bernstein cut Deutsche Lufthansa from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

About Deutsche Lufthansa

Deutsche Lufthansa AG operates as an aviation company worldwide. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul Services (MRO). The Passenger Airlines segment offers products and services to passengers of Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings.