Deutsche Lufthansa AG (OTCMKTS:DLAKY) Short Interest Up 326.5% in April

Deutsche Lufthansa AG (OTCMKTS:DLAKY) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 82,615 shares, a growth of 326.5% from the April 15th total of 19,371 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 628,536 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

A number of brokerages recently commented on DLAKY. The Goldman Sachs Group downgraded Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Zacks Research downgraded Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. Finally, Barclays lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Deutsche Lufthansa Stock Performance

OTCMKTS DLAKY traded down $0.31 on Friday, hitting $8.84. 28,443 shares of the stock traded hands, compared to its average volume of 242,740. The business’s fifty day moving average is $9.04 and its two-hundred day moving average is $9.56. Deutsche Lufthansa has a 12 month low of $7.21 and a 12 month high of $11.29. The firm has a market capitalization of $10.60 billion, a price-to-earnings ratio of 5.89, a PEG ratio of 1.12 and a beta of 0.92. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.73 and a current ratio of 0.81.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its quarterly earnings data on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.35). Deutsche Lufthansa had a net margin of 3.83% and a return on equity of 13.91%. The firm had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $10.29 billion. As a group, equities analysts anticipate that Deutsche Lufthansa will post 1.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Deutsche Lufthansa

A hedge fund recently bought a new stake in Deutsche Lufthansa stock. Sterling Capital Management LLC purchased a new position in Deutsche Lufthansa AG (OTCMKTS:DLAKY) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

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.