Short Interest of The Day: Delta Air Lines Incorporated (NYSE:DAL) on Focus After Report of More Shorts

December 1, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest of The Day: Delta Air Lines Incorporated (NYSE:DAL) on Focus After Report of More Shorts

The stock of Delta Air Lines Incorporated (NYSE:DAL) registered an increase of 34.11% in short interest. DAL’s total short interest was 12.17 million shares in December as published by FINRA. Its up 34.11% from 9.08 million shares, reported previously. With 10.89M shares average volume, it will take short sellers 1 days to cover their DAL’s short positions. The short interest to Delta Air Lines Incorporated’s float is 1.65%. The stock decreased 0.84% or $0.41 during the last trading session, hitting $48.18. Delta Air Lines, Inc. (NYSE:DAL) has risen 12.41% since April 28, 2016 and is uptrending. It has outperformed by 6.49% the S&P500.

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The company has a market cap of $36.16 billion. The Company’s operates through divisions, including Airline Segment and Refinery Segment. It has a 7.79 P/E ratio. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.

Insitutional Activity: The institutional sentiment decreased to 0.74 in Q2 2016. Its down 0.26, from 1 in 2016Q1. The ratio dropped, as 92 funds sold all Delta Air Lines, Inc. shares owned while 277 reduced positions. 75 funds bought stakes while 294 increased positions. They now own 620.66 million shares or 4.75% less from 651.60 million shares in 2016Q1.
Ubs Oconnor Ltd Company has 0% invested in the company for 228,226 shares. Natl Pension Serv last reported 160,235 shares in the company. Parkside Natl Bank Trust accumulated 0.01% or 507 shares. State Street Corp, a Massachusetts-based fund reported 25.60 million shares. Bessemer accumulated 0% or 6,744 shares. The Connecticut-based General Elec has invested 0.49% in Delta Air Lines, Inc. (NYSE:DAL). The Ohio-based Riverpoint Cap Mgmt Ltd Liability Co has invested 0.95% in Delta Air Lines, Inc. (NYSE:DAL). Icon Advisers Inc Company has 0.26% invested in the company for 107,000 shares. Patten Patten Inc Tn owns 244,128 shares or 1.23% of their US portfolio. The California-based Wells Fargo & Mn has invested 0.09% in Delta Air Lines, Inc. (NYSE:DAL). Checchi Advisers Llc has 7,165 shares for 0.03% of their US portfolio. Moreover, Calvert Invest Management has 0.11% invested in Delta Air Lines, Inc. (NYSE:DAL) for 59,600 shares. Usca Ria Limited Liability Company last reported 0.16% of its portfolio in the stock. The California-based Ar Asset has invested 0.09% in Delta Air Lines, Inc. (NYSE:DAL). Mountain Lake Inv Mngmt Limited Co reported 185,400 shares or 4.07% of all its holdings.

Insider Transactions: Since July 15, 2016, the stock had 2 insider buys, and 9 selling transactions for $37.03 million net activity. Sear Steven M sold $195,575 worth of Delta Air Lines, Inc. (NYSE:DAL) on Wednesday, November 2. On Monday, October 24 Meynard Craig M sold $144,946 worth of the stock or 3,500 shares. $972,770 worth of Delta Air Lines, Inc. (NYSE:DAL) shares were bought by Jacobson Paul A. $75,047 worth of Delta Air Lines, Inc. (NYSE:DAL) shares were sold by Smith Joanne D. 105,500 shares with value of $4.64 million were sold by HAUENSTEIN GLEN W on Monday, November 7. $364,957 worth of Delta Air Lines, Inc. (NYSE:DAL) shares were bought by Mattson George N. West W Gilbert sold 11,677 shares worth $519,113.

Delta Air Lines, Inc. (NYSE:DAL) Ratings Coverage

Out of 15 analysts covering Delta Air Lines (NYSE:DAL), 12 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 80% are positive. Delta Air Lines has been the topic of 28 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Buy” rating by Argus Research on Wednesday, January 13. The stock of Delta Air Lines, Inc. (NYSE:DAL) has “Hold” rating given on Friday, July 15 by Evercore. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, July 6. As per Wednesday, August 24, the company rating was initiated by Imperial Capital. The rating was upgraded by Deutsche Bank on Tuesday, September 1 to “Buy”. The rating was initiated by Bernstein on Tuesday, October 11 with “Mkt Perform”. The stock of Delta Air Lines, Inc. (NYSE:DAL) has “Buy” rating given on Friday, November 18 by Citigroup. The rating was maintained by Buckingham Research with “Buy” on Wednesday, October 5. Imperial Capital maintained the shares of DAL in a report on Tuesday, November 22 with “In-Line” rating. The firm earned “Outperform” rating on Friday, December 18 by Cowen & Co.

DAL Company Profile

Delta Air Lines, Inc. incorporated on March 16, 1967, provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through divisions, including Airline Segment and Refinery Segment.

More news for Delta Air Lines, Inc. (NYSE:DAL) were recently published by: Nytimes.com, which released: “Delta Air Lines Bans Disruptive Donald Trump Supporter for Life” on November 28, 2016. Reuters.com‘s article titled: “Delta pilots oppose big regional jets, could be issue for Embraer, Mitsubi…” and published on November 25, 2016 is yet another important article.

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By Marguerite Chambers

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