Short Interest in Diebold Nixdorf, Incorporated (NYSE:DBD) Increases By 124.6%

Diebold Nixdorf, Incorporated (NYSE:DBD) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 636,900 shares, an increase of 124.6% from the May 31st total of 283,600 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average trading volume of 173,400 shares, the days-to-cover ratio is presently 3.7 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Tuesday, June 25th. Wedbush raised Diebold Nixdorf from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $40.00 to $50.00 in a research note on Friday, May 3rd.

Diebold Nixdorf Trading Up 3.3 %

Shares of NYSE DBD opened at $38.48 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.94 and a current ratio of 1.39. Diebold Nixdorf has a 1-year low of $16.50 and a 1-year high of $45.15. The stock’s 50-day moving average is $39.71 and its two-hundred day moving average is $34.54.

Diebold Nixdorf (NYSE:DBD) last announced its earnings results on Thursday, May 2nd. The technology company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $1.16. The business had revenue of $895.40 million during the quarter, compared to analysts’ expectations of $872.40 million. Analysts anticipate that Diebold Nixdorf will post 5.79 EPS for the current fiscal year.

Insider Buying and Selling

In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 450,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $42.50, for a total value of $19,125,000.00. Following the completion of the transaction, the insider now directly owns 6,027,361 shares in the company, valued at approximately $256,162,842.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Frank Tobias Baur acquired 4,200 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average cost of $39.46 per share, with a total value of $165,732.00. Following the transaction, the executive vice president now owns 23,112 shares of the company’s stock, valued at approximately $911,999.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Millstreet Capital Management sold 450,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $42.50, for a total transaction of $19,125,000.00. Following the sale, the insider now directly owns 6,027,361 shares of the company’s stock, valued at approximately $256,162,842.50. The disclosure for this sale can be found here. Insiders have sold a total of 450,200 shares of company stock worth $19,131,810 in the last ninety days. 0.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Diebold Nixdorf

Institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. bought a new position in shares of Diebold Nixdorf during the fourth quarter valued at approximately $6,013,000. Nomura Holdings Inc. acquired a new position in shares of Diebold Nixdorf in the 3rd quarter worth approximately $2,669,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Diebold Nixdorf by 16.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 682,939 shares of the technology company’s stock valued at $23,520,000 after buying an additional 94,421 shares in the last quarter. Irenic Capital Management LP lifted its holdings in shares of Diebold Nixdorf by 22.2% during the fourth quarter. Irenic Capital Management LP now owns 493,253 shares of the technology company’s stock valued at $14,280,000 after purchasing an additional 89,496 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new position in shares of Diebold Nixdorf in the third quarter worth about $1,524,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Diebold Nixdorf Company Profile

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.