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

Key Points

• Short interest in Deutsche Lufthansa fell 58% to 47,627 shares as of October 15, with short positions representing virtually 0% of shares outstanding and a days-to-cover ratio of 0.1.
• Analyst sentiment remains negative: Citigroup and Zacks Research downgraded the stock to “strong sell,” while the overall consensus rating is “Reduce,” with five analysts rating it a sell.
• The shares recently traded down 1.3% to $8.05, near their 52-week low, after the company reported quarterly EPS of $0.13—below the $0.34 consensus estimate—despite revenue slightly exceeding expectations.

Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 47,627 shares, a decline of 58.0% from the September 30th total of 113,405 shares. Based on an average daily volume of 373,592 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Citigroup downgraded Deutsche Lufthansa from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 8th. Zacks Research cut Deutsche Lufthansa from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Reduce".

Deutsche Lufthansa Trading Down 1.3%

Shares of Deutsche Lufthansa stock traded down $0.11 during trading on Friday, hitting $8.05. The stock had a trading volume of 180,486 shares, compared to its average volume of 208,986. The company has a market capitalization of $9.68 billion, a PE ratio of 12.01, a P/E/G ratio of 0.55 and a beta of 0.97. Deutsche Lufthansa has a 1 year low of $7.82 and a 1 year high of $11.53. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 1.02. The stock has a 50 day simple moving average of $8.62 and a 200 day simple moving average of $9.52.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.21). Deutsche Lufthansa had a net margin of 1.63% and a return on equity of 5.74%. The firm had revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.76 billion. On average, research analysts expect that Deutsche Lufthansa will post 0.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DLAKY. Sterling Capital Management LLC acquired a new stake in Deutsche Lufthansa during the first quarter worth approximately $204,000. GAMMA Investing LLC increased its holdings in Deutsche Lufthansa by 52.1% in the second quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company's stock valued at $159,000 after purchasing an additional 4,779 shares during the period. Finally, Fulton Bank N.A. bought a new position in Deutsche Lufthansa during the second quarter worth $120,000.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a Germany-based aviation group and the parent company of the Lufthansa Group. Its principal business is the transportation of passengers and cargo through a portfolio of airlines serving domestic, European and international markets. The group's major passenger carriers include Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Discover Airlines.

In addition to scheduled passenger flights, the Lufthansa Group provides air cargo services through Lufthansa Cargo and aircraft maintenance, repair and overhaul services through Lufthansa Technik.

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