Short Interest in Siemens Healthineers AG (OTCMKTS:SMMNY) Drops By 80.5%

Siemens Healthineers AG (OTCMKTS:SMMNY) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,700 shares, a drop of 80.5% from the February 28th total of 8,700 shares. Based on an average trading volume of 101,700 shares, the days-to-cover ratio is currently 0.0 days.

Siemens Healthineers Price Performance

Shares of OTCMKTS:SMMNY traded down $0.94 during midday trading on Thursday, hitting $27.11. The stock had a trading volume of 29,188 shares, compared to its average volume of 56,612. The business’s 50-day simple moving average is $28.42 and its 200-day simple moving average is $27.71. Siemens Healthineers has a 12 month low of $25.54 and a 12 month high of $31.06.

Siemens Healthineers (OTCMKTS:SMMNY) last posted its earnings results on Thursday, February 6th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.11).

Siemens Healthineers Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were given a dividend of $0.4862 per share. The ex-dividend date was Thursday, February 20th. This is an increase from Siemens Healthineers’s previous dividend of $0.31.

Analysts Set New Price Targets

Separately, Berenberg Bank raised Siemens Healthineers to a “strong-buy” rating in a research note on Thursday, January 30th.

About Siemens Healthineers

Siemens Healthineers AG, through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers worldwide. It operates through four segments: Imaging, Diagnostics, Varian, and Advanced Therapies. The Imaging segment provides magnetic resonance imaging, computed tomography, X-ray systems, molecular imaging, and ultrasound systems.