Deutsche Lufthansa AG (OTCMKTS:DLAKY) Short Interest Down 80.0% in September

by · The Cerbat Gem

Deutsche Lufthansa AG (OTCMKTS:DLAKY – Get Free Report) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 8,100 shares, a drop of 80.0% from the September 15th total of 40,500 shares. Based on an average daily volume of 100,200 shares, the days-to-cover ratio is presently 0.1 days.

Deutsche Lufthansa Price Performance

Deutsche Lufthansa stock traded down $0.02 during midday trading on Friday, hitting $7.02. 80,871 shares of the company were exchanged, compared to its average volume of 67,765. The company has a market cap of $8.40 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 1.67 and a beta of 1.24. Deutsche Lufthansa has a fifty-two week low of $6.05 and a fifty-two week high of $9.27. The company’s fifty day moving average price is $6.61 and its 200-day moving average price is $6.81.

Deutsche Lufthansa (OTCMKTS:DLAKY – Get Free Report) last announced its earnings results on Tuesday, July 30th. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). Deutsche Lufthansa had a net margin of 2.73% and a return on equity of 11.45%. The firm had revenue of $10.77 billion during the quarter. On average, analysts expect that Deutsche Lufthansa will post 0.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DLAKY has been the subject of a number of research reports. Barclays upgraded Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 1st. Morgan Stanley lowered shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 10th. Finally, Stifel Nicolaus lowered shares of Deutsche Lufthansa from a “hold” rating to a “sell” rating in a report on Monday, July 15th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Check Out Our Latest Research Report on Deutsche Lufthansa

About Deutsche Lufthansa

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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.

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