Siemens Healthineers AG (OTCMKTS:SMMNY) Sees Significant Drop in Short Interest

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

Siemens Healthineers Stock Performance

Shares of Siemens Healthineers stock traded up $0.16 on Friday, hitting $27.27. The stock had a trading volume of 74,315 shares, compared to its average volume of 56,916. The stock has a 50 day moving average of $28.44 and a 200 day moving average of $27.70. Siemens Healthineers has a twelve month low of $25.54 and a twelve month high of $31.06.

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

Siemens Healthineers Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were issued 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.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised Siemens Healthineers to a “strong-buy” rating in a report 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.