Deutsche Lufthansa AG (OTCMKTS:DLAKY) Shares Shorted: Short Interest Up 71.3% in September

Deutsche Lufthansa AG (OTCMKTS:DLAKY – Get Free Report) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 113,405 shares, an increase of 71.3% from the September 15th total of 66,191 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 683,884 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Fulton Bank N.A. acquired a new position in shares of Deutsche Lufthansa in the second quarter valued at approximately $120,000. GAMMA Investing LLC raised its holdings in shares of Deutsche Lufthansa by 52.1% during the second 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 period. Finally, Sterling Capital Management LLC bought a new stake in Deutsche Lufthansa in the 1st quarter valued at $204,000.

Deutsche Lufthansa Stock Down 1.1%

Shares of OTCMKTS DLAKY traded down $0.09 during mid-day trading on Friday, reaching $8.09. 490,579 shares of the company’s stock were exchanged, compared to its average volume of 247,235. Deutsche Lufthansa has a twelve month low of $7.84 and a twelve month high of $11.53. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $9.72 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.54 and a beta of 0.97. The business has a fifty day simple moving average of $8.86 and a 200 day simple moving average of $9.45.

Deutsche Lufthansa (OTCMKTS:DLAKY – Get Free Report) last issued its quarterly earnings data 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 business had revenue of $12.84 billion during the quarter, compared to analyst estimates of $12.76 billion. As a group, equities analysts expect that Deutsche Lufthansa will post 0.98 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Zacks Research downgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 1st. Citigroup cut shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

View Our Latest Stock Analysis on DLAKY

About Deutsche Lufthansa

(Get Free Report)

Deutsche Lufthansa AG is a German aviation and transportation company that operates through the Lufthansa Group. Its principal business is the operation of passenger airlines serving domestic, European and international markets, with major hubs in Frankfurt and Munich and additional hubs across Europe.

The group’s airline portfolio includes Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Discover Airlines. It also provides air cargo services through Lufthansa Cargo, aircraft maintenance, repair and overhaul services through Lufthansa Technik, and travel-related loyalty and service offerings through businesses including Miles & More.

Deutsche Lufthansa was established in 1953, with flight operations beginning in 1955, following the postwar re-establishment of Germany’s national airline.

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