Deutsche Lufthansa AG (OTCMKTS:DLAKY) Sees Significant Growth in Short Interest

Deutsche Lufthansa AG (OTCMKTS:DLAKY) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 42,700 shares, an increase of 40.0% from the October 15th total of 30,500 shares. Based on an average daily trading volume, of 87,300 shares, the days-to-cover ratio is presently 0.5 days.

Deutsche Lufthansa Price Performance

DLAKY stock traded up $0.36 during trading hours on Friday, reaching $6.85. 58,234 shares of the stock were exchanged, compared to its average volume of 65,158. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 1.24 and a beta of 1.24. The firm’s 50-day moving average is $6.92 and its 200-day moving average is $6.72. Deutsche Lufthansa has a 12 month low of $6.05 and a 12 month high of $9.27.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays upgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 1st. Morgan Stanley raised shares of Deutsche Lufthansa from an “underweight” rating to an “equal weight” rating in a report on Tuesday, November 5th. Stifel Nicolaus raised Deutsche Lufthansa from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Citigroup lowered Deutsche Lufthansa from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG operates as an aviation company worldwide. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul Services (MRO). The Passenger Airlines segment offers products and services to passengers of Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings.