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

Deutsche Lufthansa AG (OTCMKTS:DLAKY) saw 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 daily volume of 87,300 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

DLAKY has been the subject of several recent analyst reports. Morgan Stanley raised Deutsche Lufthansa from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, November 5th. Citigroup lowered Deutsche Lufthansa from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, October 15th. Barclays upgraded Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 1st. Finally, Stifel Nicolaus upgraded shares of Deutsche Lufthansa from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. 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, Deutsche Lufthansa has a consensus rating of “Hold”.

Deutsche Lufthansa Stock Performance

Shares of OTCMKTS DLAKY traded up $0.36 during mid-day trading on Friday, reaching $6.85. The company had a trading volume of 58,234 shares, compared to its average volume of 65,158. The stock 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 twelve month low of $6.05 and a twelve month high of $9.27. The stock’s 50 day moving average is $6.92 and its 200-day moving average is $6.72.

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.