Deutsche Lufthansa AG (OTCMKTS:DLAKY) Sees Large Growth in Short Interest

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 42,700 shares, an increase of 40.0% from the October 15th total of 30,500 shares. Based on an average daily volume of 87,300 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

DLAKY has been the topic of a number of recent research reports. Morgan Stanley raised Deutsche Lufthansa from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, November 5th. Barclays raised Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 1st. Citigroup cut shares of Deutsche Lufthansa from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus raised shares of Deutsche Lufthansa from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Deutsche Lufthansa currently has an average rating of “Hold”.

Deutsche Lufthansa Stock Up 5.5 %

DLAKY traded up $0.36 during midday trading on Friday, hitting $6.85. The company had a trading volume of 58,234 shares, compared to its average volume of 65,158. The stock’s 50 day moving average price is $6.92 and its 200 day moving average price is $6.72. Deutsche Lufthansa has a 52 week low of $6.05 and a 52 week high of $9.27. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 1.24 and a beta of 1.24.

Deutsche Lufthansa Company Profile

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.