Diebold Nixdorf, Incorporated (NYSE:DBD) Sees Significant Growth in Short Interest

Diebold Nixdorf, Incorporated (NYSE:DBD) was the target of a large growth in short interest in 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. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 266,700 shares, the days-to-cover ratio is presently 5.0 days.

Insider Activity

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 transaction of $19,125,000.00. Following the transaction, the insider now directly owns 6,027,361 shares of the company’s stock, valued at approximately $256,162,842.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Millstreet Capital Management sold 450,000 shares of Diebold Nixdorf stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 6,027,361 shares in the company, valued at approximately $256,162,842.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Frank Tobias Baur purchased 4,200 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average cost 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 $911,999.52. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. acquired a new position in Diebold Nixdorf in the 3rd quarter valued at $135,000. Public Employees Retirement System of Ohio purchased a new position in Diebold Nixdorf during the third quarter worth about $79,000. Allspring Global Investments Holdings LLC boosted its stake in Diebold Nixdorf by 2.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 588,518 shares of the technology company’s stock worth $17,038,000 after buying an additional 12,088 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Diebold Nixdorf by 3.9% in the 4th quarter. Russell Investments Group Ltd. now owns 31,579 shares of the technology company’s stock valued at $914,000 after buying an additional 1,178 shares during the period. Finally, Skylands Capital LLC increased its stake in shares of Diebold Nixdorf by 17.3% during the 4th quarter. Skylands Capital LLC now owns 136,900 shares of the technology company’s stock valued at $3,963,000 after acquiring an additional 20,200 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. StockNews.com downgraded Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Wedbush restated an “outperform” rating and set a $50.00 target price on shares of Diebold Nixdorf in a report on Thursday.

Diebold Nixdorf Price Performance

DBD stock traded up $0.46 on Friday, reaching $43.71. The company had a trading volume of 123,190 shares, compared to its average volume of 196,242. The company’s fifty day moving average is $41.43 and its 200 day moving average is $36.31. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.39 and a quick ratio of 0.94. Diebold Nixdorf has a 1 year low of $16.50 and a 1 year high of $45.15.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.19 earnings per share for the quarter, topping 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. As a group, equities analysts forecast that Diebold Nixdorf will post 5.79 EPS for the current fiscal year.

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.