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

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 69,800 shares, a growth of 21.6% from the August 15th total of 57,400 shares. Based on an average trading volume of 149,600 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

DLAKY has been the topic of several analyst reports. Morgan Stanley cut Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 10th. Stifel Nicolaus cut Deutsche Lufthansa from a “hold” rating to a “sell” rating in a research report on Monday, July 15th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Deutsche Lufthansa Stock Performance

Shares of OTCMKTS DLAKY traded up $0.05 during trading on Tuesday, hitting $6.60. The company had a trading volume of 30,526 shares, compared to its average volume of 69,078. The stock has a 50 day simple moving average of $6.37 and a 200 day simple moving average of $6.86. The firm has a market capitalization of $7.90 billion, a P/E ratio of 5.46, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24. Deutsche Lufthansa has a 12 month low of $6.05 and a 12 month high of $9.27.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its earnings results on Tuesday, July 30th. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). Deutsche Lufthansa had a net margin of 2.73% and a return on equity of 11.45%. The firm had revenue of $10.77 billion for the quarter. As a group, analysts predict that Deutsche Lufthansa will post 0.92 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.