Siemens Aktiengesellschaft (OTCMKTS:SIEGY) Sees Large Decline in Short Interest

Siemens Aktiengesellschaft (OTCMKTS:SIEGY) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 16,900 shares, a decrease of 27.8% from the November 15th total of 23,400 shares. Based on an average daily trading volume, of 241,600 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

SIEGY has been the subject of several analyst reports. Bank of America cut Siemens Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 19th. Hsbc Global Res upgraded shares of Siemens Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, Citigroup raised shares of Siemens Aktiengesellschaft to a “strong-buy” rating in a research report on Wednesday, October 2nd.

Siemens Aktiengesellschaft Stock Performance

Shares of SIEGY stock traded down $0.73 during trading hours on Friday, hitting $100.35. The stock had a trading volume of 84,054 shares, compared to its average volume of 143,755. The stock’s 50 day moving average is $98.44 and its 200 day moving average is $94.89. The firm has a market capitalization of $160.56 billion, a PE ratio of 17.95, a PEG ratio of 2.36 and a beta of 1.28. Siemens Aktiengesellschaft has a twelve month low of $83.64 and a twelve month high of $103.19. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 1.13.

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.