Short Interest in Deutsche Lufthansa AG (OTCMKTS:DLAKY) Increases 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) saw a significant increase in short interest in 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. Based on an average daily volume of 78,800 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company's stock are sold short. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 78,800 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analysts Forecast Growth

DLAKY has been the topic of a number of recent research reports. DZ Bank raised Deutsche Lufthansa from a "strong sell" rating to a "hold" rating in a research report on Friday, August 1st. Sanford C. Bernstein downgraded Deutsche Lufthansa from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 2nd. Finally, Barclays raised Deutsche Lufthansa from an "underweight" rating to an "equal weight" rating in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

Deutsche Lufthansa Stock Performance

Deutsche Lufthansa stock traded down $0.09 during trading hours on Friday, hitting $8.68. 24,310 shares of the stock traded hands, compared to its average volume of 27,495. The firm's 50 day moving average price is $8.98 and its 200-day moving average price is $8.15. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.72. The stock has a market capitalization of $10.40 billion, a price-to-earnings ratio of 5.20, a P/E/G ratio of 1.35 and a beta of 1.17. Deutsche Lufthansa has a 1 year low of $5.69 and a 1 year high of $9.72.

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

Hedge Funds Weigh In On Deutsche Lufthansa

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC increased its holdings in Deutsche Lufthansa AG (OTCMKTS:DLAKY - Free Report) by 11,248.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,809 shares of the transportation company's stock after buying an additional 6,749 shares during the quarter. GAMMA Investing LLC's holdings in Deutsche Lufthansa were worth $50,000 at the end of the most recent reporting period.

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.