Short Interest in Deutsche Lufthansa AG (OTCMKTS:DLAKY) Drops By 72.0%

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 15,100 shares, a drop of 72.0% from the November 15th total of 53,900 shares. Based on an average daily volume of 111,900 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays raised Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 1st. Morgan Stanley raised Deutsche Lufthansa from an “underweight” rating to an “equal weight” rating in a report on Tuesday, November 5th. Stifel Nicolaus upgraded Deutsche Lufthansa from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, Citigroup cut shares of Deutsche Lufthansa from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Deutsche Lufthansa has an average rating of “Hold”.

Deutsche Lufthansa Stock Down 1.3 %

Shares of Deutsche Lufthansa stock traded down $0.09 during trading on Wednesday, hitting $6.91. 59,132 shares of the company were exchanged, compared to its average volume of 65,319. The firm has a 50 day moving average price of $6.85 and a 200 day moving average price of $6.64. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 8.33, a P/E/G ratio of 1.35 and a beta of 1.21. Deutsche Lufthansa has a fifty-two week low of $6.05 and a fifty-two week high of $9.10.

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.