Short Interest in Deutsche Lufthansa AG (OTCMKTS:DLAKY) Increases By 1,084.1%

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 81,700 shares, a growth of 1,084.1% from the September 15th total of 6,900 shares. Based on an average daily volume of 168,400 shares, the short-interest ratio is presently 0.5 days.

Deutsche Lufthansa stock opened at $10.41 on Thursday. Deutsche Lufthansa has a twelve month low of $8.27 and a twelve month high of $15.56. The firm has a 50 day moving average price of $10.25 and a 200-day moving average price of $11.75. The company has a market capitalization of $6.22 billion, a P/E ratio of -0.98 and a beta of 1.35. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 4.22.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its quarterly earnings data on Tuesday, August 3rd. The transportation company reported ($1.52) EPS for the quarter. Deutsche Lufthansa had a negative return on equity of 198.47% and a negative net margin of 44.35%. The business had revenue of $3.87 billion during the quarter. Equities analysts expect that Deutsche Lufthansa will post -4.65 EPS for the current fiscal year.

An institutional investor recently raised its position in Deutsche Lufthansa stock. Parametric Portfolio Associates LLC grew its stake in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 5.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 476,607 shares of the transportation company’s stock after buying an additional 23,163 shares during the quarter. Parametric Portfolio Associates LLC owned 0.08% of Deutsche Lufthansa worth $5,379,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.08% of the company’s stock.

DLAKY has been the topic of several research reports. UBS Group reiterated a “sell” rating on shares of Deutsche Lufthansa in a report on Thursday, September 30th. The Goldman Sachs Group upgraded shares of Deutsche Lufthansa from a “sell” rating to a “neutral” rating in a report on Wednesday, September 22nd. Zacks Investment Research lowered shares of Deutsche Lufthansa from a “hold” rating to a “sell” rating in a report on Tuesday, July 13th. HSBC assumed coverage on shares of Deutsche Lufthansa in a report on Tuesday. They issued a “hold” rating on the stock. Finally, Morgan Stanley set a $11.96 target price on shares of Deutsche Lufthansa and gave the stock an “underweight” rating in a report on Monday, July 12th. Ten equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat.com, Deutsche Lufthansa currently has an average rating of “Sell” and a consensus price target of $13.98.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG engages in the provision of passenger, freight, and cargo airline services. It operates through the following segments: Network Airlines, Eurowings, Logistics, Maintenance Repair Overhaul, Catering and Additional Businesses and Group Functions. The Network Airlines segment comprises Lufthansa German Airlines, SWISS, and Austrian Airlines.

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