Short Interest in Deutsche Lufthansa AG (OTCMKTS:DLAKY) Grows By 132.5%

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 111,600 shares, an increase of 132.5% from the September 15th total of 48,000 shares. Based on an average daily trading volume, of 105,700 shares, the short-interest ratio is currently 1.1 days. Based on an average daily trading volume, of 105,700 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On Deutsche Lufthansa

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC lifted its position in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,270 shares of the transportation company’s stock after buying an additional 8,336 shares during the quarter. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $78,000 at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DLAKY shares. Barclays raised shares of Deutsche Lufthansa from an “underweight” rating to an “equal weight” rating in a research report on Monday, August 4th. Sanford C. Bernstein downgraded shares of Deutsche Lufthansa from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 2nd. DZ Bank upgraded shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research note on Friday, August 1st. Finally, Morgan Stanley started coverage on shares of Deutsche Lufthansa in a research note on Wednesday, October 15th. They set an “underweight” rating for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Deutsche Lufthansa has a consensus rating of “Hold”.

Deutsche Lufthansa Stock Up 0.5%

Shares of OTCMKTS DLAKY opened at $8.45 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 1.08. Deutsche Lufthansa has a 52 week low of $5.69 and a 52 week high of $9.72. The firm has a 50-day moving average price of $8.91 and a 200 day moving average price of $8.26. The stock has a market capitalization of $10.13 billion, a price-to-earnings ratio of 5.06, a price-to-earnings-growth ratio of 1.02 and a beta of 1.10.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.50 by $0.45. Deutsche Lufthansa had a net margin of 4.76% and a return on equity of 17.19%. The firm had revenue of $11.85 billion during the quarter, compared to analysts’ expectations of $11.81 billion. Equities research analysts anticipate that Deutsche Lufthansa will post 0.87 EPS for the current fiscal year.

About Deutsche Lufthansa

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.