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

Siemens Aktiengesellschaft (OTCMKTS:SIEGY) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 48,200 shares, an increase of 221.3% from the September 30th total of 15,000 shares. Based on an average daily trading volume, of 198,400 shares, the days-to-cover ratio is presently 0.2 days.

Siemens Aktiengesellschaft Stock Performance

Shares of OTCMKTS SIEGY traded down $0.02 during trading hours on Friday, hitting $97.09. 94,816 shares of the stock were exchanged, compared to its average volume of 143,498. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.40 and a quick ratio of 1.13. The company’s 50 day moving average is $95.52 and its 200 day moving average is $94.24. The firm has a market capitalization of $155.34 billion, a P/E ratio of 14.91, a P/E/G ratio of 2.61 and a beta of 1.31. Siemens Aktiengesellschaft has a one year low of $63.31 and a one year high of $103.00.

Siemens Aktiengesellschaft (OTCMKTS:SIEGY) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $1.35 earnings per share (EPS) for the quarter. Siemens Aktiengesellschaft had a net margin of 10.42% and a return on equity of 15.26%. The business had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $21.56 billion. On average, research analysts expect that Siemens Aktiengesellschaft will post 5.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of Siemens Aktiengesellschaft to a “strong-buy” rating in a research report on Wednesday, October 2nd.

About Siemens Aktiengesellschaft

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.