Siemens AG (OTCMKTS:SIEGY) Short Interest Down 74.8% in March

Siemens AG (OTCMKTS:SIEGY) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 64,739 shares, a drop of 74.8% from the February 26th total of 256,789 shares. Based on an average daily trading volume, of 773,210 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Siemens Stock Up 1.0%

Shares of OTCMKTS SIEGY opened at $122.25 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.15 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average of $141.36 and a 200 day moving average of $139.36. Siemens has a 12-month low of $94.55 and a 12-month high of $161.80. The stock has a market cap of $195.60 billion, a PE ratio of 21.63 and a beta of 1.25.

Siemens (OTCMKTS:SIEGY) last released its earnings results on Thursday, February 12th. The technology company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.23. The business had revenue of $22.70 billion for the quarter, compared to analyst estimates of $18.95 billion. Siemens had a net margin of 9.93% and a return on equity of 11.90%. As a group, sell-side analysts predict that Siemens will post 6.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Santander upgraded shares of Siemens from a “neutral” rating to an “outperform” rating in a research report on Wednesday, February 4th. Kepler Capital Markets cut shares of Siemens from a “hold” rating to a “reduce” rating in a research note on Tuesday, January 27th. Citigroup restated a “buy” rating on shares of Siemens in a research report on Friday, February 13th. Barclays reiterated an “underweight” rating on shares of Siemens in a report on Wednesday, December 3rd. Finally, Evercore assumed coverage on Siemens in a report on Monday, December 15th. They set an “outperform” rating for the company. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Siemens has a consensus rating of “Hold”.

Siemens Company Profile

Siemens AG is a German multinational conglomerate headquartered in Munich that develops and sells infrastructure and industrial technology. The company’s activities cover a broad range of engineering and technology solutions, including industrial automation and control systems, software for product lifecycle and factory automation, building and energy management systems, and transportation solutions such as rolling stock and rail signaling. Siemens serves industrial, commercial and public-sector customers with products and turnkey systems as well as lifecycle services and digital solutions.

Siemens operates through multiple business units that emphasize digitalization, electrification and automation across industries.