Short Interest in Siemens Aktiengesellschaft (OTCMKTS:SIEGY) Declines By 13.5%

Siemens Aktiengesellschaft (OTCMKTS:SIEGY) saw a significant decline in short interest in May. As of May 15th, there was short interest totalling 35,100 shares, a decline of 13.5% from the April 30th total of 40,600 shares. Based on an average daily volume of 370,900 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SIEGY. Royal Bank of Canada lowered Siemens Aktiengesellschaft from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, March 19th. Wall Street Zen lowered Siemens Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Siemens Aktiengesellschaft Stock Up 1.8%

Shares of OTCMKTS:SIEGY opened at $124.16 on Thursday. The stock has a fifty day simple moving average of $115.05 and a two-hundred day simple moving average of $110.22. The stock has a market capitalization of $198.66 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 3.27 and a beta of 1.22. Siemens Aktiengesellschaft has a 12-month low of $83.64 and a 12-month high of $131.87. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 0.73.

Siemens Aktiengesellschaft (OTCMKTS:SIEGY) last announced its quarterly earnings data on Thursday, May 15th. The technology company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.22. The business had revenue of $22.15 billion during the quarter, compared to analysts’ expectations of $19.28 billion. Siemens Aktiengesellschaft had a return on equity of 13.82% and a net margin of 12.41%. On average, research analysts anticipate that Siemens Aktiengesellschaft will post 6.59 earnings per share for the current fiscal year.

Siemens Aktiengesellschaft Company Profile

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. It operates through Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services (SFS) segments.