Deutsche Lufthansa AG (OTCMKTS:DLAKY) Short Interest Up 40.0% in October

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the recipient of a large increase in short interest in the month of 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 trading volume of 87,300 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

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

Deutsche Lufthansa Stock Up 5.5 %

Deutsche Lufthansa stock traded up $0.36 during midday trading on Friday, hitting $6.85. The company’s stock had a trading volume of 58,234 shares, compared to its average volume of 65,158. The stock’s 50-day moving average price is $6.92 and its 200-day moving average price is $6.72. The company has a market capitalization of $8.21 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 1.24 and a beta of 1.24. Deutsche Lufthansa has a 12 month low of $6.05 and a 12 month high of $9.27.

About Deutsche Lufthansa

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.