Short Interest in Deutsche Lufthansa AG (OTCMKTS:DLAKY) Increases By 26.2%

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 53,900 shares, an increase of 26.2% from the October 31st total of 42,700 shares. Based on an average daily trading volume, of 90,000 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

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

Deutsche Lufthansa Price Performance

Shares of DLAKY traded up $0.21 during trading hours on Friday, reaching $6.69. 28,900 shares of the company’s stock traded hands, compared to its average volume of 49,169. The business’s fifty day simple moving average is $6.88 and its two-hundred day simple moving average is $6.66. The firm has a market capitalization of $8.02 billion, a price-to-earnings ratio of 6.43, a P/E/G ratio of 1.28 and a beta of 1.24. Deutsche Lufthansa has a twelve month low of $6.05 and a twelve month high of $9.27.

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.