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

Key Points

• Short interest in Deutsche Lufthansa AG surged by 212.1% in July, with a total of 20,600 shares shorted as of July 31st.
• Analysts have mixed ratings on the stock, with recent upgrades from DZ Bank and Barclays, while Sanford C. Bernstein downgraded its rating.
• Deutsche Lufthansa beat earnings estimates for the quarter, reporting $0.95 EPS on revenues of $11.85 billion, exceeding expectations.

Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 20,600 shares, anincreaseof212.1% from the July 15th total of 6,600 shares. Approximately0.0% of the shares of the stock are short sold. Based on an average daily volume of 85,300 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 85,300 shares, the short-interest ratio is presently 0.2 days. Approximately0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several research analysts recently weighed in on DLAKY shares. Sanford C. Bernstein cut shares of Deutsche Lufthansa from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 2nd. Barclays upgraded shares of Deutsche Lufthansa from an "underweight" rating to an "equal weight" rating in a research report on Monday, August 4th. Finally, DZ Bank upgraded shares of Deutsche Lufthansa from a "strong sell" rating to a "hold" rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Deutsche Lufthansa has an average rating of "Hold".

Institutional Investors Weigh In On Deutsche Lufthansa

An institutional investor recently raised its position in Deutsche Lufthansa stock. GAMMA Investing LLC boosted its position in Deutsche Lufthansa AG (OTCMKTS:DLAKY - Free Report) by 892.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Deutsche Lufthansa Trading Down 2.2%

DLAKY traded down $0.2110 during trading on Thursday, hitting $9.3890. 34,780 shares of the stock traded hands, compared to its average volume of 56,560. The firm has a market capitalization of $11.25 billion, a P/E ratio of 5.75, a price-to-earnings-growth ratio of 1.48 and a beta of 1.23. Deutsche Lufthansa has a 12-month low of $5.69 and a 12-month high of $9.7198. 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 firm has a 50-day moving average of $8.70 and a 200 day moving average of $7.84.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.95 earnings per share (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 net margin of 4.76% and a return on equity of 17.23%. Equities research analysts anticipate that Deutsche Lufthansa will post 0.87 EPS for the current year.

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.