Siemens AG (OTCMKTS:SIEGY – Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 50,866 shares, a growth of 125.9% from the September 15th total of 22,515 shares. Based on an average daily volume of 349,265 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.
Institutional Trading of Siemens
An institutional investor recently raised its stake in Siemens stock. Ferguson Wellman Capital Management Inc. boosted its holdings in Siemens AG (OTCMKTS:SIEGY – Free Report) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 210,670 shares of the technology company’s stock after purchasing an additional 655 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Siemens were worth $33,899,000 as of its most recent SEC filing. 0.75% of the stock is owned by institutional investors and hedge funds.
Siemens Trading Up 0.3%
OTCMKTS:SIEGY opened at $153.36 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.18 and a current ratio of 1.44. The firm has a market cap of $239.86 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 10.25 and a beta of 1.41. Siemens has a 52 week low of $115.56 and a 52 week high of $169.47. The firm has a 50-day moving average price of $158.37 and a two-hundred day moving average price of $152.60.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on SIEGY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Siemens in a report on Monday, August 3rd. Erste Group Bank upgraded Siemens from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 27th. Kepler Capital Markets raised shares of Siemens from a “strong sell” rating to a “hold” rating in a report on Friday, July 3rd. Evercore lowered shares of Siemens from an “outperform” rating to a “hold” rating in a research note on Friday, October 2nd. Finally, Barclays reiterated an “underweight” rating on shares of Siemens in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
View Our Latest Report on Siemens
Siemens Company Profile
Siemens AG is a German technology company that provides products, software and services for industry, infrastructure, mobility and healthcare. Its offerings include industrial automation and control systems, manufacturing software, building-management and electrification technologies, energy distribution equipment, rail vehicles and transportation infrastructure, and digital solutions designed to improve operational efficiency and sustainability.
The company operates through businesses including Digital Industries, Smart Infrastructure and Mobility.
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