Deutsche Lufthansa AG (OTCMKTS:DLAKY – Get Rating) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 17,800 shares, an increase of 278.7% from the May 15th total of 4,700 shares. Based on an average daily volume of 132,400 shares, the short-interest ratio is presently 0.1 days.
Shares of OTCMKTS DLAKY traded down $0.25 during midday trading on Friday, hitting $6.38. 112,092 shares of the company’s stock traded hands, compared to its average volume of 63,376. Deutsche Lufthansa has a 1 year low of $6.01 and a 1 year high of $13.11. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.90 and a quick ratio of 0.87. The firm has a fifty day moving average of $7.39 and a 200 day moving average of $7.50.
A number of equities analysts recently issued reports on the stock. UBS Group upped their price target on shares of Deutsche Lufthansa from €6.65 ($7.15) to €7.25 ($7.80) in a research note on Sunday, May 15th. Barclays boosted their target price on Deutsche Lufthansa from €5.20 ($5.59) to €5.70 ($6.13) and gave the stock an “underweight” rating in a research report on Thursday, May 12th. Morgan Stanley boosted their target price on Deutsche Lufthansa from €6.00 ($6.45) to €7.00 ($7.53) in a research report on Friday, May 6th. Exane BNP Paribas lowered Deutsche Lufthansa from a “neutral” rating to an “underperform” rating and set a €5.50 ($5.91) target price for the company. in a research report on Friday, March 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Deutsche Lufthansa from €7.90 ($8.49) to €8.00 ($8.60) in a research report on Friday, May 27th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Deutsche Lufthansa currently has an average rating of “Hold” and an average target price of $6.95.
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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