Short Interest in Deutsche Lufthansa AG (OTCMKTS:DLAKY) Expands By 23.2%

Deutsche Lufthansa AG (OTCMKTS:DLAKY) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 44,103 shares, a growth of 23.2% from the December 15th total of 35,810 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 50,022 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 50,022 shares, the short-interest ratio is presently 0.9 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Kepler Capital Markets upgraded Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 12th. Barclays lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. upgraded shares of Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research report on Monday, December 1st. Morgan Stanley upgraded shares of Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research note on Wednesday, January 7th. Finally, Citigroup lowered shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC grew its position in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,270 shares of the transportation company’s stock after buying an additional 8,336 shares during the quarter. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $78,000 as of its most recent filing with the Securities & Exchange Commission.

Deutsche Lufthansa Price Performance

Shares of OTCMKTS DLAKY opened at $9.67 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 1.05. Deutsche Lufthansa has a 1-year low of $5.85 and a 1-year high of $10.68. The firm’s 50-day moving average price is $9.67 and its 200-day moving average price is $9.10. The firm has a market capitalization of $11.59 billion, a P/E ratio of 6.01, a P/E/G ratio of 1.21 and a beta of 0.86.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its earnings results on Thursday, October 30th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. The company had revenue of $13.06 billion for the quarter, compared to analysts’ expectations of $12.98 billion. Deutsche Lufthansa had a return on equity of 15.73% and a net margin of 4.45%. Equities research analysts anticipate that Deutsche Lufthansa will post 0.87 earnings per share for the current fiscal year.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a leading global aviation company headquartered in Cologne, Germany, and is recognized as one of the world’s largest airline groups. Founded in its modern form in 1953, the company traces its heritage back to the original Deutsche Luft Hansa established in 1926. Lufthansa operates passenger and cargo services under its flagship brand, as well as through numerous subsidiaries including Swiss International Air Lines, Austrian Airlines, Brussels Airlines and the low-cost carrier Eurowings.

The group’s passenger network spans Europe, the Americas, Asia, Africa and the Middle East, with primary hubs at Frankfurt Airport and Munich Airport.