Siemens AG (OTCMKTS:SIEGY) Short Interest Up 31.6% in August

Key Points

• Siemens AG experienced a significant increase in short interest during August, rising by 31.6% to a total of 68,700 shares by the end of the month.
• The company received various analyst ratings, with most indicating a "hold," while one analyst recently upgraded it to a Buy rating.
• In its latest earnings report, Siemens beat expectations with earnings of $1.44 per share on revenue of $22.52 billion, surpassing the consensus estimates.

Siemens AG (OTCMKTS:SIEGY - Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 68,700 shares, a growth of 31.6% from the August 15th total of 52,200 shares. Based on an average daily trading volume, of 228,400 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 228,400 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SIEGY shares. Zacks Research downgraded Siemens from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Morgan Stanley reissued an "overweight" rating on shares of Siemens in a research report on Wednesday, July 30th. Santander cut shares of Siemens to a "neutral" rating in a research note on Wednesday, September 3rd. Sanford C. Bernstein downgraded shares of Siemens from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Siemens in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold".

Siemens Stock Performance

Shares of Siemens stock traded down $0.21 during trading hours on Friday, reaching $134.37. 97,314 shares of the stock traded hands, compared to its average volume of 118,134. The company has a 50 day moving average price of $133.38 and a 200 day moving average price of $124.65. The company has a quick ratio of 1.24, a current ratio of 1.50 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $214.99 billion, a price-to-earnings ratio of 19.91, a P/E/G ratio of 2.71 and a beta of 1.17. Siemens has a one year low of $91.57 and a one year high of $140.19.

Siemens (OTCMKTS:SIEGY - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.16. The company had revenue of $22.52 billion during the quarter, compared to the consensus estimate of $19.17 billion. Siemens had a return on equity of 12.61% and a net margin of 12.59%. On average, equities research analysts expect that Siemens will post 6.59 earnings per share for the current fiscal year.

About Siemens

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.