Deutsche Lufthansa AG (OTCMKTS:DLAKY) Short Interest Update

Deutsche Lufthansa AG (OTCMKTS:DLAKY) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 35,810 shares, a decline of 56.5% from the November 30th total of 82,294 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 83,985 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 83,985 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

DLAKY has been the subject of several recent research reports. Morgan Stanley initiated coverage on shares of Deutsche Lufthansa in a research note on Wednesday, October 15th. They set an “underweight” rating for the company. Citigroup downgraded Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. raised Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research report on Monday, December 1st. Finally, Kepler Capital Markets upgraded Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Deutsche Lufthansa

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC raised its holdings in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,270 shares of the transportation company’s stock after purchasing an additional 8,336 shares during the quarter. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $78,000 as of its most recent filing with the Securities & Exchange Commission.

Deutsche Lufthansa Stock Down 0.5%

Shares of Deutsche Lufthansa stock traded down $0.05 on Friday, reaching $9.85. The company’s stock had a trading volume of 12,404 shares, compared to its average volume of 35,976. Deutsche Lufthansa has a 52 week low of $5.69 and a 52 week high of $10.16. The firm’s fifty day simple moving average is $9.17 and its two-hundred day simple moving average is $8.89. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $11.80 billion, a price-to-earnings ratio of 6.12, a P/E/G ratio of 1.38 and a beta of 0.89.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its quarterly earnings data on Thursday, October 30th. The transportation company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.01. Deutsche Lufthansa had a net margin of 4.45% and a return on equity of 15.73%. The firm had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $12.98 billion. Equities analysts anticipate that Deutsche Lufthansa will post 0.87 earnings per share for the current year.

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.