Short Interest in Deutsche Lufthansa AG (OTCMKTS:DLAKY) Declines By 40.5%

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 60,649 shares, a decline of 40.5% from the July 30th total of 101,999 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 131,850 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DLAKY. GAMMA Investing LLC boosted its position in shares of Deutsche Lufthansa by 52.1% in the second quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock valued at $159,000 after acquiring an additional 4,779 shares during the period. Fulton Bank N.A. bought a new position in Deutsche Lufthansa during the second quarter worth $120,000. Finally, Sterling Capital Management LLC bought a new position in Deutsche Lufthansa during the first quarter worth $204,000.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Zacks Research raised shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Citigroup downgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Barclays lowered shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Friday, May 8th. Finally, Morgan Stanley downgraded shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Deutsche Lufthansa Stock Down 3.4%

DLAKY stock opened at $8.75 on Wednesday. The stock has a market capitalization of $10.52 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 0.56 and a beta of 0.97. The company has a 50-day moving average of $10.09 and a two-hundred day moving average of $9.70. Deutsche Lufthansa has a 52-week low of $7.91 and a 52-week high of $11.53. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.73.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.21). Deutsche Lufthansa had a return on equity of 5.79% and a net margin of 1.63%.The business had revenue of $12.84 billion during the quarter, compared to the consensus estimate of $12.76 billion. As a group, equities research analysts anticipate that Deutsche Lufthansa will post 1 EPS for the current year.

Deutsche Lufthansa Company Profile

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.