Short Interest in Deutsche Lufthansa AG (OTCMKTS:DLAKY) Drops By 40.5%

Key Points

• Short interest in Deutsche Lufthansa fell 40.5% to 60,649 shares as of August 14, representing 0.0% of shares outstanding and a short-interest ratio of 0.5 days.
• The company reported quarterly EPS of $0.13, missing the $0.34 analyst consensus, while revenue of $12.84 billion slightly exceeded estimates of $12.76 billion.
• Analyst sentiment remains negative: one analyst rates the stock a Strong Buy, two recommend Hold, and four rate it Sell, resulting in an average “Reduce” rating.

Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 60,649 shares, a drop of 40.5% from the July 30th total of 101,999 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 131,850 shares, the short-interest ratio is currently 0.5 days.

Deutsche Lufthansa Stock Performance

Shares of Deutsche Lufthansa stock opened at $9.21 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.94. Deutsche Lufthansa has a twelve month low of $7.91 and a twelve month high of $11.53. The firm has a market capitalization of $11.07 billion, a PE ratio of 13.75, a P/E/G ratio of 0.57 and a beta of 0.96. The firm's 50-day moving average price is $10.15 and its 200 day moving average price is $9.72.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The transportation company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.21). The business had revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.76 billion. Deutsche Lufthansa had a return on equity of 5.79% and a net margin of 1.63%. On average, sell-side analysts predict that Deutsche Lufthansa will post 1 EPS for the current fiscal year.

Institutional Trading of Deutsche Lufthansa

Several institutional investors and hedge funds have recently bought and sold shares of DLAKY. Fulton Bank N.A. purchased a new stake in shares of Deutsche Lufthansa in the 2nd quarter valued at approximately $120,000. GAMMA Investing LLC lifted its holdings in shares of Deutsche Lufthansa by 52.1% in the 2nd quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company's stock worth $159,000 after acquiring an additional 4,779 shares during the last quarter. Finally, Sterling Capital Management LLC purchased a new position in shares of Deutsche Lufthansa during the 1st quarter worth approximately $204,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DLAKY. Zacks Research raised Deutsche Lufthansa from a "strong sell" rating to a "hold" rating in a report on Monday, June 15th. Barclays lowered Deutsche Lufthansa from an "equal weight" rating to an "underweight" rating in a report on Friday, May 8th. Morgan Stanley cut Deutsche Lufthansa from an "equal weight" rating to an "underweight" rating in a research report on Tuesday, May 26th. Finally, Citigroup downgraded Deutsche Lufthansa from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Deutsche Lufthansa currently has an average rating of "Reduce".

About Deutsche Lufthansa

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source