Deutsche Lufthansa AG (OTCMKTS:DLAKY) Stock Short Interest Report for October

Deutsche Lufthansa AG (OTCMKTS:DLAKY) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 47,627 shares, a decline of 58.0% from the September 30th total of 113,405 shares. Based on an average daily volume of 373,592 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fulton Bank N.A. acquired a new position in Deutsche Lufthansa during the second quarter worth $120,000. GAMMA Investing LLC lifted its stake in shares of Deutsche Lufthansa by 52.1% in the second quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock valued at $159,000 after buying an additional 4,779 shares in the last quarter. Finally, Sterling Capital Management LLC acquired a new position in shares of Deutsche Lufthansa during the first quarter valued at about $204,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on DLAKY. Citigroup downgraded Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Zacks Research cut Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Deutsche Lufthansa Stock Down 1.2%

Shares of OTCMKTS DLAKY opened at $8.06 on Friday. The company has a market capitalization of $9.69 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 0.56 and a beta of 0.97. Deutsche Lufthansa has a 52-week low of $7.82 and a 52-week high of $11.53. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.78 and a current ratio of 0.86. The company’s 50 day moving average price is $8.61 and its 200-day moving average price is $9.51.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.21). The firm had revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.76 billion. Deutsche Lufthansa had a return on equity of 5.74% and a net margin of 1.63%. Equities analysts forecast that Deutsche Lufthansa will post 0.93 earnings per share for the current year.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a Germany-based aviation group and the parent company of the Lufthansa Group. Its principal business is the transportation of passengers and cargo through a portfolio of airlines serving domestic, European and international markets. The group’s major passenger carriers include Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Discover Airlines.

In addition to scheduled passenger flights, the Lufthansa Group provides air cargo services through Lufthansa Cargo and aircraft maintenance, repair and overhaul services through Lufthansa Technik.