Delta Air Lines (DAL) Sees Significant Growth in Short Interest


Delta Air Lines (NYSE:DAL) saw a significant increase in short interest in April. As of April 30th, there was short interest totalling 15,585,420 shares, an increase of 30.3% from the April 13th total of 11,959,015 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average trading volume of 7,573,050 shares, the short-interest ratio is currently 2.1 days.


Delta Air Lines opened at $52.09 on Tuesday, MarketBeat reports. Delta Air Lines has a 1-year low of $52.03 and a 1-year high of $53.25. The company has a market capitalization of $37.11 billion, a PE ratio of 10.57 and a beta of 1.09. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.51.

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Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, April 12th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.89 billion. Delta Air Lines had a net margin of 8.37% and a return on equity of 26.19%. Delta Air Lines’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 earnings per share. research analysts anticipate that Delta Air Lines will post 6.19 earnings per share for the current fiscal year.


The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 11th will be issued a $0.305 dividend. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $1.22 annualized dividend and a yield of 2.34%. Delta Air Lines’s dividend payout ratio is presently 24.75%.

In related news, COO W Gilbert West sold 17,250 shares of the business’s stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $55.00, for a total value of $948,750.00. Following the completion of the transaction, the chief operating officer now owns 119,447 shares of the company’s stock, valued at $6,569,585. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward H. Bastian sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, April 20th. The stock was sold at an average price of $55.34, for a total transaction of $1,383,500.00. Following the completion of the transaction, the chief executive officer now directly owns 301,943 shares of the company’s stock, valued at approximately $16,709,525.62. The disclosure for this sale can be found here. Company insiders own 0.37% of the company’s stock.


Several large investors have recently modified their holdings of the business. Wagner Wealth Management LLC increased its holdings in shares of Delta Air Lines by 375.0% in the 1st quarter. Wagner Wealth Management LLC now owns 1,900 shares of the transportation company’s stock worth $104,000 after acquiring an additional 1,500 shares during the period. Baker Ellis Asset Management LLC bought a new position in shares of Delta Air Lines during the 4th quarter valued at about $106,000. SeaCrest Wealth Management LLC bought a new position in shares of Delta Air Lines during the 4th quarter valued at about $121,000. Fortis Advisors LLC boosted its position in shares of Delta Air Lines by 99.1% during the 1st quarter. Fortis Advisors LLC now owns 2,389 shares of the transportation company’s stock valued at $131,000 after purchasing an additional 1,189 shares in the last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in Delta Air Lines during the fourth quarter valued at about $185,000. 89.57% of the stock is currently owned by institutional investors.


A number of equities research analysts have recently weighed in on DAL shares. JPMorgan Chase raised shares of Delta Air Lines to a “buy” rating in a report on Monday, April 30th. Morgan Stanley lowered their price target on shares of Delta Air Lines from $68.00 to $64.00 and set an “overweight” rating on the stock in a report on Friday, February 23rd. ValuEngine downgraded shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Stifel Nicolaus upped their price objective on shares of Delta Air Lines to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Vetr upgraded shares of Delta Air Lines from a “hold” rating to a “strong-buy” rating and set a $66.79 price target for the company in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, two have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $68.24.


About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.