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

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SIEGY. Hsbc Global Res upgraded Siemens Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a report on Thursday, December 5th. Citigroup upgraded Siemens Aktiengesellschaft to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Bank of America cut shares of Siemens Aktiengesellschaft from a “buy” rating to a “neutral” rating in a report on Tuesday, November 19th.

Siemens Aktiengesellschaft Trading Down 0.7 %

Shares of OTCMKTS SIEGY traded down $0.73 during trading hours on Friday, reaching $100.35. The stock had a trading volume of 84,054 shares, compared to its average volume of 143,755. Siemens Aktiengesellschaft has a 52-week low of $83.64 and a 52-week high of $103.19. The firm has a market cap of $160.56 billion, a price-to-earnings ratio of 17.82, a P/E/G ratio of 2.36 and a beta of 1.28. The business’s fifty day moving average price is $98.43 and its two-hundred day moving average price is $94.92. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.73.

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.