Deutsche Lufthansa AG (OTCMKTS:DLAKY) Short Interest Down 43.8% in June

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 75,974 shares, a decline of 43.8% from the May 31st total of 135,289 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 272,061 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Deutsche Lufthansa stock. Sterling Capital Management LLC acquired a new position in Deutsche Lufthansa AG (OTCMKTS:DLAKY) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

Analysts Set New Price Targets

DLAKY has been the subject of a number of research analyst reports. Morgan Stanley lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group lowered Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. Barclays downgraded Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Friday, May 8th. Finally, Zacks Research upgraded shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Deutsche Lufthansa currently has a consensus rating of “Reduce”.

Deutsche Lufthansa Stock Performance

OTCMKTS DLAKY traded up $0.32 on Thursday, reaching $11.38. 91,425 shares of the company’s stock traded hands, compared to its average volume of 117,791. Deutsche Lufthansa has a fifty-two week low of $7.91 and a fifty-two week high of $11.46. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.73 and a current ratio of 0.81. The firm has a market cap of $13.68 billion, a price-to-earnings ratio of 7.37, a P/E/G ratio of 1.23 and a beta of 0.96. The stock has a 50 day moving average price of $9.72 and a 200-day moving average price of $9.78.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its quarterly earnings results on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.35). The company had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.29 billion. Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.83%. Equities research analysts predict that Deutsche Lufthansa will post 1.19 EPS for the current fiscal year.

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.