Short Interest in Diebold Nixdorf, Incorporated (NYSE:DBD) Decreases By 5.8%

Diebold Nixdorf, Incorporated (NYSE:DBD) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 283,600 shares, a drop of 5.8% from the May 15th total of 301,100 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 172,300 shares, the days-to-cover ratio is presently 1.6 days.

Diebold Nixdorf Stock Up 2.7 %

Shares of NYSE:DBD opened at $40.90 on Tuesday. Diebold Nixdorf has a 1-year low of $16.50 and a 1-year high of $45.15. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.94 and a current ratio of 1.39. The company has a 50 day moving average price of $38.81 and a 200 day moving average price of $33.90.

Diebold Nixdorf (NYSE:DBD) last issued its earnings results on Thursday, May 2nd. The technology company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $1.16. The business had revenue of $895.40 million for the quarter, compared to the consensus estimate of $872.40 million. As a group, equities analysts forecast that Diebold Nixdorf will post 5.79 earnings per share for the current fiscal year.

Insider Buying and Selling at Diebold Nixdorf

In other news, EVP Frank Tobias Baur purchased 4,200 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were bought at an average price of $39.46 per share, for a total transaction of $165,732.00. Following the completion of the purchase, the executive vice president now owns 23,112 shares of the company’s stock, valued at $911,999.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Millstreet Capital Management sold 457,715 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $33.95, for a total value of $15,539,424.25. Following the completion of the transaction, the insider now directly owns 6,477,361 shares in the company, valued at $219,906,405.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Frank Tobias Baur acquired 4,200 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was bought at an average price of $39.46 per share, with a total value of $165,732.00. Following the completion of the acquisition, the executive vice president now directly owns 23,112 shares of the company’s stock, valued at $911,999.52. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 908,015 shares of company stock worth $34,674,691. 0.04% of the stock is owned by company insiders.

Institutional Trading of Diebold Nixdorf

A number of large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC purchased a new stake in shares of Diebold Nixdorf in the 4th quarter valued at approximately $46,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Diebold Nixdorf in the 3rd quarter valued at approximately $79,000. SG Americas Securities LLC purchased a new stake in shares of Diebold Nixdorf in the 1st quarter valued at approximately $105,000. Citigroup Inc. purchased a new stake in shares of Diebold Nixdorf in the 3rd quarter valued at approximately $135,000. Finally, Cannon Global Investment Management LLC purchased a new stake in shares of Diebold Nixdorf in the 1st quarter valued at approximately $276,000. 97.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Diebold Nixdorf from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Wedbush upgraded shares of Diebold Nixdorf from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $40.00 to $50.00 in a report on Friday, May 3rd.

About Diebold Nixdorf

Diebold Nixdorf, Incorporated engages in the automating, digitizing, and transforming the way people bank and shop worldwide. It operates through two segments, Banking and Retail. The company offers cash recyclers and dispensers, intelligent deposit terminals, teller automation tools, and kiosk technologies, as well as physical security solutions; and front-end applications for consumer connection points and back-end platforms that manage channel transactions, operations and integration, and facilitate omnichannel transactions, endpoint monitoring, remote asset management, customer marketing, merchandise management, and analytics.