Diebold Nixdorf, Incorporated (NYSE:DBD) Short Interest Up 115.4% in July

Diebold Nixdorf, Incorporated (NYSE:DBD) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 1,340,000 shares, a growth of 115.4% from the June 30th total of 622,200 shares. Based on an average trading volume of 266,700 shares, the days-to-cover ratio is presently 5.0 days. Currently, 1.7% of the company’s stock are sold short.

Diebold Nixdorf Price Performance

Shares of Diebold Nixdorf stock traded up $0.43 during midday trading on Friday, reaching $43.68. The company had a trading volume of 123,190 shares, compared to its average volume of 408,885. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.94 and a current ratio of 1.39. The stock has a fifty day simple moving average of $41.43 and a 200 day simple moving average of $36.37. Diebold Nixdorf has a 1-year low of $16.50 and a 1-year high of $45.15.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $1.16. The company had revenue of $895.40 million during the quarter, compared to analyst estimates of $872.40 million. Equities research analysts expect that Diebold Nixdorf will post 5.79 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wedbush reiterated an “outperform” rating and issued a $50.00 target price on shares of Diebold Nixdorf in a research note on Thursday. StockNews.com cut shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th.

Insider Transactions at Diebold Nixdorf

In other news, major shareholder Millstreet Capital Management sold 450,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $42.50, for a total value of $19,125,000.00. Following the transaction, the insider now directly owns 6,027,361 shares of the company’s stock, valued at $256,162,842.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Frank Tobias Baur purchased 4,200 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was bought at an average cost of $39.46 per share, for a total transaction of $165,732.00. Following the completion of the acquisition, the executive vice president now directly owns 23,112 shares of the company’s stock, valued at $911,999.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Millstreet Capital Management sold 450,000 shares of the company’s stock in a transaction dated 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 owns 6,027,361 shares of the company’s stock, valued at $256,162,842.50. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Diebold Nixdorf

A number of hedge funds and other institutional investors have recently bought and sold shares of DBD. Tower Research Capital LLC TRC bought a new stake in Diebold Nixdorf in the 4th quarter valued at $46,000. Public Employees Retirement System of Ohio bought a new stake in Diebold Nixdorf in the 3rd quarter valued at $79,000. SG Americas Securities LLC bought a new stake in Diebold Nixdorf in the 1st quarter valued at $105,000. Summit Securities Group LLC bought a new stake in Diebold Nixdorf in the 2nd quarter valued at $125,000. Finally, Citigroup Inc. bought a new stake in Diebold Nixdorf in the 3rd quarter valued at $135,000. 97.04% of the stock is 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.