Diebold Nixdorf, Incorporated (NYSE:DBD) Short Interest Up 8.1% in November

Diebold Nixdorf, Incorporated (NYSE:DBD) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 930,000 shares, an increase of 8.1% from the October 31st total of 860,700 shares. Based on an average trading volume of 175,500 shares, the days-to-cover ratio is presently 5.3 days. Currently, 2.5% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DBD. StockNews.com lowered shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Wedbush restated an “outperform” rating and set a $50.00 target price on shares of Diebold Nixdorf in a research report on Monday, November 4th. Finally, DA Davidson lifted their price target on shares of Diebold Nixdorf from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, August 9th.

Hedge Funds Weigh In On Diebold Nixdorf

A number of hedge funds have recently made changes to their positions in DBD. Vanguard Group Inc. raised its stake in shares of Diebold Nixdorf by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 1,378,120 shares of the technology company’s stock valued at $47,462,000 after acquiring an additional 38,248 shares during the period. California State Teachers Retirement System purchased a new stake in Diebold Nixdorf during the 1st quarter worth $364,000. SG Americas Securities LLC increased its stake in Diebold Nixdorf by 149.8% during the 2nd quarter. SG Americas Securities LLC now owns 7,593 shares of the technology company’s stock worth $292,000 after buying an additional 4,553 shares during the period. Bank of New York Mellon Corp purchased a new stake in Diebold Nixdorf during the 2nd quarter worth $3,243,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Diebold Nixdorf by 7.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 734,362 shares of the technology company’s stock worth $28,258,000 after buying an additional 51,423 shares during the period. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Diebold Nixdorf Trading Up 1.1 %

Shares of DBD stock traded up $0.49 during mid-day trading on Wednesday, reaching $46.84. The company’s stock had a trading volume of 21,739 shares, compared to its average volume of 185,629. The company’s 50 day simple moving average is $44.70 and its 200-day simple moving average is $42.49. Diebold Nixdorf has a 12-month low of $25.63 and a 12-month high of $51.81. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $1.76 billion, a PE ratio of 361.87 and a beta of 1.85.

About Diebold Nixdorf

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.