Short Interest in Deutsche Lufthansa AG (OTCMKTS:DLAKY) Increases By 132.5%

Key Points

• Short Interest Surge: Deutsche Lufthansa AG experienced a 132.5% increase in short interest, rising from 48,000 shares to 111,600 shares as of September 30th.
• Stock Performance: The stock price decreased by 0.8% to $8.41, with a current market cap of approximately $10.08 billion and a PE ratio of 5.04.
• Analyst Ratings: Recent analyst ratings show mixed sentiments, with one 'Strong Buy', three 'Hold', and one 'Sell' rating for Deutsche Lufthansa stock.

Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 111,600 shares, an increase of 132.5% from the September 15th total of 48,000 shares. Based on an average daily volume of 105,700 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 105,700 shares, the days-to-cover ratio is presently 1.1 days.

Deutsche Lufthansa Stock Down 0.8%

OTCMKTS DLAKY traded down $0.07 during midday trading on Friday, hitting $8.41. 22,133 shares of the company traded hands, compared to its average volume of 48,068. 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 company has a market cap of $10.08 billion, a PE ratio of 5.04, a price-to-earnings-growth ratio of 1.02 and a beta of 1.10. The company's 50-day simple moving average is $8.93 and its 200-day simple moving average is $8.24. Deutsche Lufthansa has a 52 week low of $5.69 and a 52 week high of $9.72.

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

Institutional Trading of Deutsche Lufthansa

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC lifted its holdings in Deutsche Lufthansa AG (OTCMKTS:DLAKY - Free Report) by 11,248.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,809 shares of the transportation company's stock after purchasing an additional 6,749 shares during the quarter. GAMMA Investing LLC's holdings in Deutsche Lufthansa were worth $50,000 as of its most recent SEC filing.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Morgan Stanley assumed coverage on Deutsche Lufthansa in a research note on Wednesday. They issued an "underweight" rating on the stock. Barclays raised Deutsche Lufthansa from an "underweight" rating to an "equal weight" rating in a research note on Monday, August 4th. DZ Bank raised Deutsche Lufthansa from a "strong sell" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Sanford C. Bernstein cut Deutsche Lufthansa from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold".

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.

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