Siemens AG (OTCMKTS:SIEGY) Sees Large Decrease in Short Interest

Siemens AG (OTCMKTS:SIEGY) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 34,213 shares, a drop of 47.2% from the March 15th total of 64,739 shares. Based on an average daily trading volume, of 454,284 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Siemens Price Performance

Shares of SIEGY stock opened at $136.10 on Tuesday. The business’s fifty day moving average is $134.67 and its 200 day moving average is $138.60. The company has a quick ratio of 1.15, a current ratio of 1.38 and a debt-to-equity ratio of 0.59. The stock has a market cap of $212.86 billion, a price-to-earnings ratio of 24.08 and a beta of 1.31. Siemens has a twelve month low of $103.09 and a twelve month high of $161.80.

Siemens (OTCMKTS:SIEGY) last announced its earnings results on Thursday, February 12th. The technology company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.23. Siemens had a net margin of 9.93% and a return on equity of 11.90%. The firm had revenue of $22.70 billion for the quarter, compared to analysts’ expectations of $18.95 billion. Research analysts expect that Siemens will post 6.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SIEGY. Kepler Capital Markets downgraded Siemens from a “hold” rating to a “reduce” rating in a report on Tuesday, January 27th. Citigroup reissued a “buy” rating on shares of Siemens in a research report on Friday, February 13th. Evercore assumed coverage on shares of Siemens in a research report on Monday, December 15th. They issued an “outperform” rating for the company. Sanford C. Bernstein assumed coverage on shares of Siemens in a research note on Wednesday, January 7th. They set an “outperform” rating on the stock. Finally, Santander raised shares of Siemens from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

About Siemens

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.