Deutsche Lufthansa AG (OTCMKTS:DLAKY) Short Interest Down 75.5% in April

Key Points

• Short interest plunged 75.5% in April to 19,371 shares as of April 15, representing 0.0% of shares sold short and a days-to-cover ratio of 0.0.
• In the latest quarter Deutsche Lufthansa reported $0.24 EPS (missing the $0.26 consensus) while revenue of $11.52 billion beat estimates; the stock recently traded at $8.63 with a market cap of $10.35 billion and a P/E of 6.35.
• Institutional activity was modest—Sterling Capital bought 24,628 shares (~$204k)—and analysts are mixed, leaving a MarketBeat consensus rating of "Hold".

Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 19,371 shares, a decline of 75.5% from the March 31st total of 79,046 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 754,669 shares, the days-to-cover ratio is currently 0.0 days.

Deutsche Lufthansa Price Performance

Deutsche Lufthansa stock traded down $0.04 during trading hours on Friday, hitting $8.63. 126,181 shares of the stock were exchanged, compared to its average volume of 353,963. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.73 and a current ratio of 0.81. The stock has a market capitalization of $10.35 billion, a P/E ratio of 6.35, a P/E/G ratio of 0.55 and a beta of 0.96. Deutsche Lufthansa has a 12 month low of $6.84 and a 12 month high of $11.29. The business's 50-day moving average is $9.40 and its two-hundred day moving average is $9.48.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last issued its quarterly earnings data on Friday, March 6th. The transportation company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $11.52 billion for the quarter, compared to the consensus estimate of $11.38 billion. Deutsche Lufthansa had a return on equity of 13.15% and a net margin of 3.63%. Equities research analysts expect that Deutsche Lufthansa will post 1.22 EPS for the current fiscal year.

Institutional Trading of Deutsche Lufthansa

An institutional investor recently bought a new position in Deutsche Lufthansa stock. Sterling Capital Management LLC acquired a new position in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,628 shares of the transportation company's stock, valued at approximately $204,000.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DLAKY. Zacks Research cut shares of Deutsche Lufthansa from a "hold" rating to a "strong sell" rating in a research note on Tuesday, April 14th. Morgan Stanley raised shares of Deutsche Lufthansa from an "underweight" rating to an "overweight" rating in a research note on Wednesday, January 7th. Barclays raised shares of Deutsche Lufthansa from a "strong sell" rating to a "hold" rating in a research note on Monday, March 9th. Finally, The Goldman Sachs Group cut shares of Deutsche Lufthansa from a "neutral" rating to a "sell" rating in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Deutsche Lufthansa has a consensus rating of "Hold".

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.

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