Deutsche Lufthansa AG (OTCMKTS:DLAKY – Get Rating) saw a significant growth in short interest in the month of December. As of December 30th, there was short interest totalling 23,700 shares, a growth of 415.2% from the December 15th total of 4,600 shares. Based on an average trading volume of 71,300 shares, the short-interest ratio is currently 0.3 days.
Analyst Ratings Changes
DLAKY has been the subject of a number of research analyst reports. Exane BNP Paribas upgraded shares of Deutsche Lufthansa from an “underperform” rating to a “neutral” rating in a research report on Wednesday, November 2nd. HSBC upgraded shares of Deutsche Lufthansa from a “reduce” rating to a “hold” rating in a research report on Tuesday, November 22nd. JPMorgan Chase & Co. started coverage on shares of Deutsche Lufthansa in a report on Friday, December 2nd. They set an “overweight” rating for the company. Bank of America raised shares of Deutsche Lufthansa from an “underperform” rating to a “neutral” rating in a report on Thursday, December 8th. Finally, Morgan Stanley started coverage on shares of Deutsche Lufthansa in a report on Tuesday, January 10th. They set an “underweight” rating for the company. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $7.42.
Deutsche Lufthansa Trading Down 0.2 %
Shares of DLAKY opened at $9.45 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.58. Deutsche Lufthansa has a 12-month low of $5.40 and a 12-month high of $9.52. The firm has a 50-day moving average price of $8.25 and a 200 day moving average price of $6.93. The firm has a market capitalization of $5.65 billion, a P/E ratio of -67.50 and a beta of 1.12.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Deutsche Lufthansa stock. Yousif Capital Management LLC bought a new stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 19,989 shares of the transportation company’s stock, valued at approximately $115,000.
Deutsche Lufthansa Company Profile
Deutsche Lufthansa AG operates as an aviation company in Germany and internationally. The company's Network Airlines segment offers passenger services. Its Eurowings segment provides passenger services through a route network of more than 100 destinations in over 50 countries. The company's Logistics Business segment offers transport services for various cargoes, including general cargo, dangerous goods, valuables, vulnerable, perishables, live animals, courier, emergency, airmail/e-commerce, and temperature sensitive goods services approximately 300 destinations in 100 countries.
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