Short Interest in Deutsche Lufthansa AG (OTCMKTS:DLAKY) Decreases By 80.0%

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 8,100 shares, a drop of 80.0% from the September 15th total of 40,500 shares. Based on an average daily volume of 100,200 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Morgan Stanley lowered shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 10th. Barclays upgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 1st. Finally, Stifel Nicolaus lowered shares of Deutsche Lufthansa from a “hold” rating to a “sell” rating in a research report on Monday, July 15th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Deutsche Lufthansa Price Performance

Shares of DLAKY stock remained flat at $7.04 during trading on Thursday. 85,042 shares of the company were exchanged, compared to its average volume of 67,698. Deutsche Lufthansa has a 12 month low of $6.05 and a 12 month high of $9.27. The company has a market capitalization of $8.42 billion, a P/E ratio of 5.82, a P/E/G ratio of 1.65 and a beta of 1.24. The stock has a 50-day moving average price of $6.60 and a 200-day moving average price of $6.81.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The company had revenue of $10.77 billion during the quarter. Deutsche Lufthansa had a return on equity of 11.45% and a net margin of 2.73%. Equities research analysts forecast that Deutsche Lufthansa will post 0.91 EPS for the current year.

Deutsche Lufthansa Company Profile

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.