Siemens AG (OTCMKTS:SIEGY) Short Interest Update

Siemens AG (OTCMKTS:SIEGY) was the recipient of a significant decline in short interest during the month of 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. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 773,210 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 773,210 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SIEGY shares. Barclays restated an “underweight” rating on shares of Siemens in a research note on Wednesday, December 3rd. Evercore initiated coverage on Siemens in a research report on Monday, December 15th. They issued an “outperform” rating for the company. Zacks Research upgraded Siemens from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 15th. Sanford C. Bernstein began coverage on Siemens in a research note on Wednesday, January 7th. They set an “outperform” rating for the company. Finally, Santander upgraded Siemens from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Siemens has a consensus rating of “Hold”.

Siemens Stock Performance

Siemens stock traded up $1.19 during mid-day trading on Wednesday, reaching $122.23. The company’s stock had a trading volume of 52,905 shares, compared to its average volume of 263,763. The firm’s fifty day moving average price is $141.94 and its two-hundred day moving average price is $139.48. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.15 and a current ratio of 1.38. Siemens has a 12-month low of $94.55 and a 12-month high of $161.80. The company has a market capitalization of $195.57 billion, a P/E ratio of 21.63 and a beta of 1.25.

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

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.