Deutsche Lufthansa AG (OTCMKTS:DLAKY) Sees Significant Increase in Short Interest

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 57,900 shares, an increase of 109.8% from the June 15th total of 27,600 shares. Based on an average trading volume of 400,900 shares, the short-interest ratio is presently 0.1 days.

Deutsche Lufthansa Stock Performance

Shares of OTCMKTS DLAKY traded up $0.03 during trading on Friday, hitting $6.38. 62,527 shares of the company were exchanged, compared to its average volume of 61,538. The company has a fifty day moving average price of $6.81 and a 200-day moving average price of $7.50. The firm has a market capitalization of $7.63 billion, a PE ratio of 4.60, a P/E/G ratio of 2.30 and a beta of 1.23. Deutsche Lufthansa has a 12-month low of $6.06 and a 12-month high of $10.16.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its earnings results on Tuesday, April 30th. The transportation company reported ($0.66) EPS for the quarter, topping analysts’ consensus estimates of ($0.73) by $0.07. The company had revenue of $8.03 billion for the quarter. Deutsche Lufthansa had a net margin of 3.94% and a return on equity of 17.33%. Research analysts anticipate that Deutsche Lufthansa will post 1.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DLAKY has been the topic of a number of analyst reports. Morgan Stanley cut Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Deutsche Lufthansa in a report on Wednesday, March 27th. Finally, Stifel Nicolaus downgraded Deutsche Lufthansa from a “buy” rating to a “hold” rating in a research note on Thursday, June 20th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.