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

Siemens AG (OTCMKTS:SIEGYGet Free Report) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 121,195 shares, a drop of 29.5% from the January 15th total of 171,910 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 399,243 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 399,243 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Key Headlines Impacting Siemens

Here are the key news stories impacting Siemens this week:

Siemens Price Performance

Shares of Siemens stock opened at $149.21 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.37 and a debt-to-equity ratio of 0.66. Siemens has a 52 week low of $94.55 and a 52 week high of $161.80. The stock’s 50-day simple moving average is $145.83 and its 200-day simple moving average is $139.34. The company has a market capitalization of $238.74 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 3.41 and a beta of 1.25.

Siemens (OTCMKTS:SIEGYGet Free Report) last issued its earnings results on Thursday, February 12th. The technology company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.23. Siemens had a return on equity of 12.37% and a net margin of 9.93%.The company had revenue of $22.70 billion for the quarter, compared to the consensus estimate of $18.95 billion. As a group, analysts expect that Siemens will post 6.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SIEGY. Sanford C. Bernstein initiated coverage on shares of Siemens in a report on Wednesday, January 7th. They issued an “outperform” rating on the stock. Kepler Capital Markets downgraded shares of Siemens from a “hold” rating to a “reduce” rating in a research report on Tuesday, January 27th. Citigroup reiterated a “buy” rating on shares of Siemens in a research report on Friday. Barclays restated an “underweight” rating on shares of Siemens in a research report on Wednesday, December 3rd. Finally, Santander upgraded Siemens from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Siemens currently has a consensus rating of “Hold”.

Check Out Our Latest Analysis on SIEGY

Siemens Company Profile

(Get Free Report)

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.

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