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

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 600 shares, a drop of 88.7% from the December 31st total of 5,300 shares. Based on an average daily trading volume, of 151,400 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of research firms recently issued reports on DLAKY. Barclays upgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 1st. Stifel Nicolaus raised shares of Deutsche Lufthansa from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Morgan Stanley raised shares of Deutsche Lufthansa from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Citigroup raised shares of Deutsche Lufthansa from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Deutsche Lufthansa Trading Up 0.9 %

Deutsche Lufthansa stock traded up $0.06 during mid-day trading on Wednesday, hitting $6.65. 85,505 shares of the stock were exchanged, compared to its average volume of 142,249. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 0.98 and a beta of 1.21. Deutsche Lufthansa has a 12 month low of $5.69 and a 12 month high of $8.50. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.17. The firm’s fifty day simple moving average is $6.44 and its two-hundred day simple moving average is $6.58.

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.