Deutsche Lufthansa AG (OTCMKTS:DLAKY) Stock Short Interest Rises 71.3%

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 113,405 shares, a growth of 71.3% from the September 15th total of 66,191 shares. Based on an average trading volume of 683,884 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Deutsche Lufthansa Price Performance

Shares of DLAKY traded up $0.27 during trading hours on Thursday, hitting $8.11. The stock had a trading volume of 71,871 shares, compared to its average volume of 202,241. The company’s fifty day moving average is $8.92 and its two-hundred day moving average is $9.46. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.86 and a quick ratio of 0.78. Deutsche Lufthansa has a 52 week low of $7.84 and a 52 week high of $11.53. The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 0.54 and a beta of 0.97.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.21). The firm had revenue of $12.84 billion during the quarter, compared to analyst estimates of $12.76 billion. Deutsche Lufthansa had a net margin of 1.63% and a return on equity of 5.74%. On average, analysts anticipate that Deutsche Lufthansa will post 0.97 EPS for the current year.

Institutional Trading of Deutsche Lufthansa

Several large investors have recently made changes to their positions in the business. Sterling Capital Management LLC bought a new position in shares of Deutsche Lufthansa in the first quarter valued at about $204,000. GAMMA Investing LLC lifted its position in Deutsche Lufthansa by 52.1% during the 2nd quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock worth $159,000 after buying an additional 4,779 shares in the last quarter. Finally, Fulton Bank N.A. bought a new stake in Deutsche Lufthansa during the 2nd quarter worth about $120,000.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Citigroup downgraded Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Zacks Research lowered Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Deutsche Lufthansa currently has a consensus rating of “Reduce”.

About Deutsche Lufthansa

Deutsche Lufthansa AG is a German aviation and transportation company that operates through the Lufthansa Group. Its principal business is the operation of passenger airlines serving domestic, European and international markets, with major hubs in Frankfurt and Munich and additional hubs across Europe.

The group’s airline portfolio includes Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Discover Airlines. It also provides air cargo services through Lufthansa Cargo, aircraft maintenance, repair and overhaul services through Lufthansa Technik, and travel-related loyalty and service offerings through businesses including Miles & More.

Deutsche Lufthansa was established in 1953, with flight operations beginning in 1955, following the postwar re-establishment of Germany’s national airline.