Short Interest in Diebold Nixdorf, Incorporated (NYSE:DBD) Increases By 124.6%

Diebold Nixdorf, Incorporated (NYSE:DBD) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 636,900 shares, an increase of 124.6% from the May 31st total of 283,600 shares. Based on an average daily trading volume, of 173,400 shares, the short-interest ratio is presently 3.7 days. Currently, 0.8% of the company’s shares are sold short.

Insider Buying and Selling

In related news, major shareholder Millstreet Capital Management sold 450,000 shares of Diebold Nixdorf stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $42.50, for a total transaction of $19,125,000.00. Following the sale, the insider now directly owns 6,027,361 shares in the company, valued at approximately $256,162,842.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder Millstreet Capital Management sold 450,000 shares of Diebold Nixdorf stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $42.50, for a total transaction of $19,125,000.00. Following the sale, the insider now directly owns 6,027,361 shares in the company, valued at approximately $256,162,842.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Frank Tobias Baur bought 4,200 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average price of $39.46 per share, for a total transaction of $165,732.00. Following the completion of the transaction, the executive vice president now owns 23,112 shares in the company, valued at $911,999.52. The disclosure for this purchase can be found here. Insiders have sold a total of 450,200 shares of company stock worth $19,131,810 in the last ninety days. Company insiders own 0.04% of the company’s stock.

Institutional Trading of Diebold Nixdorf

Several hedge funds have recently modified their holdings of DBD. Tower Research Capital LLC TRC bought a new stake in Diebold Nixdorf during the 4th quarter valued at $46,000. Public Employees Retirement System of Ohio bought a new stake in Diebold Nixdorf during the 3rd quarter valued at $79,000. SG Americas Securities LLC bought a new stake in Diebold Nixdorf during the 1st quarter valued at $105,000. Citigroup Inc. bought a new stake in Diebold Nixdorf during the 3rd quarter valued at $135,000. Finally, Cannon Global Investment Management LLC bought a new stake in Diebold Nixdorf during the 1st quarter valued at $276,000. Institutional investors own 97.04% of the company’s stock.

Diebold Nixdorf Trading Up 3.3 %

NYSE:DBD opened at $38.48 on Friday. The company has a fifty day moving average of $39.71 and a 200-day moving average of $34.54. The company has a current ratio of 1.39, a quick ratio of 0.94 and a debt-to-equity ratio of 1.08. Diebold Nixdorf has a twelve month low of $16.50 and a twelve month high of $45.15.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.03 by $1.16. The company had revenue of $895.40 million during the quarter, compared to the consensus estimate of $872.40 million. On average, analysts predict that Diebold Nixdorf will post 5.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DBD shares. Wedbush upgraded shares of Diebold Nixdorf from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $40.00 to $50.00 in a research report on Friday, May 3rd. StockNews.com downgraded shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Tuesday, June 25th.

Diebold Nixdorf Company Profile

Diebold Nixdorf, Incorporated engages in the automating, digitizing, and transforming the way people bank and shop worldwide. It operates through two segments, Banking and Retail. The company offers cash recyclers and dispensers, intelligent deposit terminals, teller automation tools, and kiosk technologies, as well as physical security solutions; and front-end applications for consumer connection points and back-end platforms that manage channel transactions, operations and integration, and facilitate omnichannel transactions, endpoint monitoring, remote asset management, customer marketing, merchandise management, and analytics.