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

Diebold Nixdorf, Incorporated (NYSE:DBD) saw a large increase in short interest in 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 volume of 173,400 shares, the short-interest ratio is presently 3.7 days. Approximately 0.8% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DBD. StockNews.com lowered Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Tuesday, June 25th. Wedbush raised shares of Diebold Nixdorf from a “neutral” rating to an “outperform” rating and upped their price target for the company from $40.00 to $50.00 in a research report on Friday, May 3rd.

Diebold Nixdorf Trading Up 3.3 %

NYSE DBD opened at $38.48 on Friday. Diebold Nixdorf has a 52 week low of $16.50 and a 52 week high of $45.15. The company has a quick ratio of 0.94, a current ratio of 1.39 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average price of $39.71 and a 200-day moving average price of $34.54.

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

Insider Buying and Selling

In other news, EVP Frank Tobias Baur purchased 4,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average price of $39.46 per share, for a total transaction of $165,732.00. Following the purchase, the executive vice president now directly owns 23,112 shares in the company, valued at approximately $911,999.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 450,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $42.50, for a total value of $19,125,000.00. Following the completion of the transaction, the insider now owns 6,027,361 shares of the company’s stock, valued at approximately $256,162,842.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Frank Tobias Baur bought 4,200 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average cost of $39.46 per share, with a total value of $165,732.00. Following the transaction, the executive vice president now owns 23,112 shares in the company, valued at approximately $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 quarter. Corporate insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DBD. Charles Schwab Investment Management Inc. bought a new position in shares of Diebold Nixdorf during the 4th quarter valued at approximately $6,013,000. Nomura Holdings Inc. bought a new position in shares of Diebold Nixdorf during the 3rd quarter valued at approximately $2,669,000. Allspring Global Investments Holdings LLC boosted its stake in Diebold Nixdorf by 16.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 682,939 shares of the technology company’s stock worth $23,520,000 after purchasing an additional 94,421 shares during the period. Irenic Capital Management LP boosted its stake in Diebold Nixdorf by 22.2% in the 4th quarter. Irenic Capital Management LP now owns 493,253 shares of the technology company’s stock worth $14,280,000 after purchasing an additional 89,496 shares during the period. Finally, Ancora Advisors LLC bought a new position in Diebold Nixdorf in the 3rd quarter worth approximately $1,524,000. 97.04% of the stock is currently owned by institutional investors.

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.