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

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

Institutional Trading of Diebold Nixdorf

Institutional investors and hedge funds have recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd purchased a new stake in Diebold Nixdorf in the 2nd quarter worth approximately $1,876,000. Renaissance Technologies LLC increased its holdings in shares of Diebold Nixdorf by 233.4% in the 2nd quarter. Renaissance Technologies LLC now owns 249,700 shares of the technology company’s stock worth $9,608,000 after buying an additional 174,800 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Diebold Nixdorf in the 2nd quarter worth $3,243,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Diebold Nixdorf by 7.5% in 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 last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Diebold Nixdorf in the 2nd quarter worth $475,000. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Diebold Nixdorf Stock Performance

Shares of DBD stock traded up $0.31 during trading on Wednesday, reaching $46.66. 34,316 shares of the company’s stock traded hands, compared to its average volume of 185,680. The company has a market capitalization of $1.75 billion, a P/E ratio of 361.87 and a beta of 1.85. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 1.02. The firm’s 50-day moving average is $44.70 and its 200 day moving average is $42.49. Diebold Nixdorf has a 1 year low of $25.63 and a 1 year high of $51.81.

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.