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

Deutsche Lufthansa AG (OTCMKTS:DLAKY) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 15,100 shares, a decline of 72.0% from the November 15th total of 53,900 shares. Based on an average daily volume of 111,900 shares, the short-interest ratio is currently 0.1 days.

Deutsche Lufthansa Stock Performance

Shares of DLAKY stock traded up $0.04 on Friday, reaching $7.08. 21,639 shares of the company’s stock traded hands, compared to its average volume of 65,084. The company has a market capitalization of $8.49 billion, a P/E ratio of 6.64, a price-to-earnings-growth ratio of 1.32 and a beta of 1.21. The business’s 50 day moving average price is $6.85 and its two-hundred day moving average price is $6.64. Deutsche Lufthansa has a 12-month low of $6.05 and a 12-month high of $9.10.

Analysts Set New Price Targets

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