Siemens AG (OTCMKTS:SIEGY) Short Interest Update

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

Siemens Price Performance

Shares of Siemens stock opened at $120.08 on Friday. Siemens has a 1-year low of $94.55 and a 1-year high of $161.80. The firm has a fifty day simple moving average of $140.75 and a 200-day simple moving average of $139.22. 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 stock has a market capitalization of $192.13 billion, a price-to-earnings ratio of 21.25 and a beta of 1.25.

Siemens (OTCMKTS:SIEGY) last announced its earnings results on Thursday, February 12th. The technology company reported $1.50 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $18.95 billion. On average, sell-side analysts expect that Siemens will post 6.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays reissued an “underweight” rating on shares of Siemens in a research report on Wednesday, December 3rd. Zacks Research raised Siemens from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 15th. Citigroup reiterated a “buy” rating on shares of Siemens in a report on Friday, February 13th. Kepler Capital Markets downgraded Siemens from a “hold” rating to a “reduce” rating in a report on Tuesday, January 27th. Finally, Santander upgraded shares of Siemens from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock 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.