Short Interest in Siemens Aktiengesellschaft (OTCMKTS:SIEGY) Grows By 100.0%

by · The Cerbat Gem

Siemens Aktiengesellschaft (OTCMKTS:SIEGY – Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 52,200 shares, a growth of 100.0% from the March 15th total of 26,100 shares. Based on an average daily trading volume, of 685,400 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Royal Bank of Canada downgraded shares of Siemens Aktiengesellschaft from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, March 19th.

Check Out Our Latest Report on Siemens Aktiengesellschaft

Siemens Aktiengesellschaft Price Performance

SIEGY traded up $0.89 on Friday, reaching $106.44. The stock had a trading volume of 192,072 shares, compared to its average volume of 360,941. The firm has a 50-day moving average of $115.59 and a 200-day moving average of $105.40. Siemens Aktiengesellschaft has a fifty-two week low of $83.64 and a fifty-two week high of $131.87. The company has a market capitalization of $170.30 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 3.27 and a beta of 1.17. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 0.73.

Siemens Aktiengesellschaft (OTCMKTS:SIEGY – Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.05 by $0.05. Siemens Aktiengesellschaft had a net margin of 12.41% and a return on equity of 13.82%. The business had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $18.70 billion. As a group, sell-side analysts anticipate that Siemens Aktiengesellschaft will post 6.59 EPS for the current year.

Siemens Aktiengesellschaft Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 14th were issued a dividend of $2.6907 per share. The ex-dividend date was Friday, February 14th. This is an increase from Siemens Aktiengesellschaft’s previous dividend of $1.88. Siemens Aktiengesellschaft’s payout ratio is presently 30.72%.

Siemens Aktiengesellschaft Company Profile

(Get Free Report)

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. It operates through Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services (SFS) segments.

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