Short-term stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) increases by 76.4%

Deutsche Lufthansa AG (OTCMKTS:DLAKY – Get Rating) recorded a significant increase in short interest during the month of June. As of June 15, there was short interest totaling 31,400 shares, an increase of 76.4% from the total of 17,800 shares as of May 31. Based on an average daily volume of 187,500 shares, the short interest ratio is currently 0.2 days.

Several brokerages have recently published reports on DLAKY. UBS Group raised its price target on Deutsche Lufthansa shares from €6.65 ($7.07) to €7.25 ($7.71) in a Sunday May 15 research note. Sanford C. Bernstein downgraded Deutsche Lufthansa shares from a “market performer” rating to an “underperformer” rating in a research note on Thursday. Exane BNP Paribas downgraded Deutsche Lufthansa shares from a “neutral” rating to an “underperforming” rating and set a price target of €5.50 ($5.85) for the stock. in a Friday, March 18 research note. Deutsche Bank Aktiengesellschaft lowered its price target on Deutsche Lufthansa shares from €8.00 ($8.51) to €7.50 ($7.98) in a Friday, June 24 research note. Finally, Morgan Stanley raised its price target on Deutsche Lufthansa shares from €6.00 ​​($6.38) to €7.00 ($7.45) in a Friday May 6 research note. Seven research analysts gave the stock a sell rating, six gave the company a hold rating and three gave the company a buy rating. According to data from MarketBeat, Deutsche Lufthansa has an average rating of “Hold” and a consensus target price of $6.88.

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Deutsche Lufthansa shares opened at $5.82 on Friday. The stock has a 50-day simple moving average of $6.97 and a 200-day simple moving average of $7.46. The company has a quick ratio of 0.85, a current ratio of 0.90 and a debt ratio of 2.67. Deutsche Lufthansa has a 12-month low of $5.53 and a 12-month high of $12.09. The stock has a market capitalization of $3.48 billion, a price-earnings ratio of -2.11 and a beta of 1.12.

Deutsche Lufthansa (OTCMKTS:DLAKY – Get Rating) last released its quarterly results on Thursday, May 5. The transportation company reported ($0.55) earnings per share (EPS) for the quarter, beating analyst consensus estimates of ($0.59) by $0.04. Deutsche Lufthansa posted a negative return on equity of 40.01% and a negative net margin of 8.86%. The company had revenue of $6.02 billion in the quarter. As a group, sell-side analysts expect Deutsche Lufthansa to post EPS of 0.39 for the current year.

Deutsche Lufthansa company profile (Get an evaluation)

Deutsche Lufthansa AG operates as an airline in Germany and internationally. The Company’s Network Airlines segment provides passenger services. Its Eurowings segment provides passenger services via a route network of more than 100 destinations in more than 50 countries. The Company’s Logistics segment offers transportation services for various cargoes, including general cargo, dangerous goods, valuables, vulnerable commodities, perishables, live animals, courier services, emergency, airmail/e-commerce and temperature-sensitive goods services to approximately 300 destinations in 100 countries.

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