Siemens Aktiengesellschaft (OTCMKTS:SIEGY) Sees Significant Drop in Short Interest

Siemens Aktiengesellschaft (OTCMKTS:SIEGY) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 26,100 shares, a decline of 13.3% from the February 28th total of 30,100 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,021,500 shares, the short-interest ratio is presently 0.0 days.

Siemens Aktiengesellschaft Stock Performance

Shares of SIEGY opened at $108.29 on Friday. 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. The company has a market cap of $173.26 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 3.27 and a beta of 1.17. The stock has a 50-day moving average price of $116.48 and a 200-day moving average price of $104.89.

Siemens Aktiengesellschaft (OTCMKTS:SIEGY) last announced its earnings results on Thursday, February 13th. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.05. Siemens Aktiengesellschaft had a net margin of 12.41% and a return on equity of 13.82%. The business had revenue of $19.58 billion during the quarter, compared to analyst estimates of $18.70 billion. As a group, equities analysts forecast that Siemens Aktiengesellschaft will post 6.59 earnings per share for the current fiscal year.

Siemens Aktiengesellschaft Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 14th were paid a dividend of $2.6907 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Siemens Aktiengesellschaft’s previous dividend of $1.88. Siemens Aktiengesellschaft’s payout ratio is 30.72%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SIEGY. Royal Bank of Canada cut Siemens Aktiengesellschaft from a “moderate buy” rating to a “hold” rating in a report on Wednesday, March 19th. Hsbc Global Res upgraded shares of Siemens Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Thursday, December 5th.

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.