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

Deutsche Lufthansa AG (OTCMKTS:DLAKYGet Rating) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 6,000 shares, a drop of 95.7% from the March 15th total of 141,000 shares. Based on an average trading volume of 179,800 shares, the short-interest ratio is currently 0.0 days.

A number of research analysts recently issued reports on DLAKY shares. HSBC cut shares of Deutsche Lufthansa from a “hold” rating to a “reduce” rating in a report on Wednesday, January 19th. Sanford C. Bernstein lowered shares of Deutsche Lufthansa from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 18th. Exane BNP Paribas downgraded Deutsche Lufthansa from a “neutral” rating to an “underperform” rating and set a €5.50 ($5.98) target price on the stock. in a research report on Friday, March 18th. Stifel Nicolaus raised Deutsche Lufthansa from a “hold” rating to a “buy” rating in a research report on Wednesday, January 26th. Finally, Zacks Investment Research lowered Deutsche Lufthansa from a “hold” rating to a “sell” rating in a research report on Monday, January 17th. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.78.

DLAKY traded up $0.14 during trading on Tuesday, hitting $7.70. The stock had a trading volume of 28,795 shares, compared to its average volume of 85,953. The company has a 50 day moving average price of $7.88 and a 200-day moving average price of $7.79. Deutsche Lufthansa has a one year low of $6.01 and a one year high of $13.95. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.87 and a current ratio of 0.92.

Deutsche Lufthansa Company Profile (Get Rating)

Deutsche Lufthansa AG engages in the provision of passenger, freight, and cargo airline services. It operates through the following segments: Network Airlines, Eurowings, Logistics, Maintenance Repair Overhaul, Catering and Additional Businesses and Group Functions. The Network Airlines segment comprises Lufthansa German Airlines, SWISS, and Austrian Airlines.

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