Deutsche Lufthansa AG (OTCMKTS:DLAKY) Short Interest Down 87.9% in January

Deutsche Lufthansa AG (OTCMKTS:DLAKY) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 5,332 shares, a decline of 87.9% from the December 31st total of 44,103 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 89,783 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 89,783 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Deutsche Lufthansa Stock Performance

Shares of OTCMKTS DLAKY traded down $0.21 during trading on Wednesday, reaching $10.28. 5,338 shares of the stock traded hands, compared to its average volume of 41,502. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.85 and a quick ratio of 0.77. The stock has a market capitalization of $12.33 billion, a P/E ratio of 6.39, a price-to-earnings-growth ratio of 0.70 and a beta of 0.86. Deutsche Lufthansa has a 52-week low of $6.21 and a 52-week high of $10.68. The company has a 50-day moving average of $9.83 and a 200-day moving average of $9.16.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its quarterly earnings data on Thursday, October 30th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The business 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%. Analysts forecast that Deutsche Lufthansa will post 0.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Deutsche Lufthansa

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC boosted its position in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,270 shares of the transportation company’s stock after acquiring an additional 8,336 shares during the period. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $78,000 as of its most recent SEC filing.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Barclays lowered shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 14th. Citigroup cut shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Zacks Research raised Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. Morgan Stanley raised Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. upgraded Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research note on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Deutsche Lufthansa currently has an average rating of “Moderate Buy”.

About Deutsche Lufthansa

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.