Deutsche Lufthansa AG (OTCMKTS:DLAKY) Stock Short Interest Declines 58.0%

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 47,627 shares, a decline of 58.0% from the September 30th total of 113,405 shares. Based on an average daily volume of 373,592 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Deutsche Lufthansa Stock Down 1.2%

Shares of DLAKY traded down $0.10 during midday trading on Friday, reaching $8.06. 305,784 shares of the company were exchanged, compared to its average volume of 272,786. Deutsche Lufthansa has a 1-year low of $7.82 and a 1-year high of $11.53. The stock has a 50-day moving average price of $8.61 and a 200-day moving average price of $9.51. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 1.02. The company has a market cap of $9.69 billion, a price-to-earnings ratio of 12.03, a P/E/G ratio of 0.57 and a beta of 0.97.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its earnings results on Tuesday, August 4th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.21). The company 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%. Research analysts expect that Deutsche Lufthansa will post 0.93 earnings per share for the current year.

Analyst Ratings Changes

DLAKY has been the subject of a number of research reports. Zacks Research cut Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 1st. Citigroup cut shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Deutsche Lufthansa has an average rating of “Reduce”.

Institutional Investors Weigh In On Deutsche Lufthansa

Large investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC acquired a new position in Deutsche Lufthansa in the 1st quarter worth $204,000. Fulton Bank N.A. purchased a new stake in shares of Deutsche Lufthansa during the second quarter worth about $120,000. Finally, GAMMA Investing LLC increased its position in shares of Deutsche Lufthansa by 52.1% during the second quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock worth $159,000 after acquiring an additional 4,779 shares during the last quarter.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a Germany-based aviation group and the parent company of the Lufthansa Group. Its principal business is the transportation of passengers and cargo through a portfolio of airlines serving domestic, European and international markets. The group’s major passenger carriers include Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Discover Airlines.

In addition to scheduled passenger flights, the Lufthansa Group provides air cargo services through Lufthansa Cargo and aircraft maintenance, repair and overhaul services through Lufthansa Technik.