Short Interest Worth Mentioning: What Next for Diebold Incorporated (NYSE:DBD) Stock After Increase in Shorted Shares?

December 1, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Worth Mentioning: What Next for Diebold Incorporated (NYSE:DBD) Stock After Increase in Shorted Shares?

The stock of Diebold Incorporated (NYSE:DBD) registered an increase of 10.74% in short interest. DBD’s total short interest was 6.56M shares in December as published by FINRA. Its up 10.74% from 5.92M shares, reported previously. With 687,000 shares average volume, it will take short sellers 10 days to cover their DBD’s short positions. The short interest to Diebold Incorporated’s float is 10.4%. The stock increased 0.66% or $0.15 during the last trading session, hitting $22.8. Diebold Inc (NYSE:DBD) has declined 14.64% since April 28, 2016 and is downtrending. It has underperformed by 20.56% the S&P500.

Diebold, Incorporated is engaged in the business of financial self-service and security solutions. The company has a market cap of $1.67 billion. The Company’s divisions include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). It currently has negative earnings. It offers an integrated line of self-service solutions and technology, including automated teller machine (ATM) outsourcing, ATM security, deposit automation, recycling and payment terminals and software.

Insitutional Activity: The institutional sentiment increased to 2.38 in Q2 2016. Its up 1.39, from 0.99 in 2016Q1. The ratio improved, as 30 funds sold all Diebold Inc shares owned while 66 reduced positions. 21 funds bought stakes while 74 increased positions. They now own 60.41 million shares or 3.77% less from 62.77 million shares in 2016Q1.
Ladenburg Thalmann Financial Service Inc last reported 8,640 shares in the company. Hanson Doremus accumulated 5,722 shares or 0.06% of the stock. The New York-based Millennium Management Limited Liability Company has invested 0.01% in Diebold Inc (NYSE:DBD). Manufacturers Life The has 126,132 shares for 0% of their US portfolio. Glenmede Trust Na accumulated 937 shares or 0% of the stock. Morgan Stanley has 0% invested in the company for 73,318 shares. Hudson Bay Cap Mgmt Limited Partnership has invested 0.02% of its portfolio in Diebold Inc (NYSE:DBD). Citadel Advsr Limited Company accumulated 0% or 150,699 shares. Profund Advsr Llc last reported 0.02% of its portfolio in the stock. Moreover, Archford Strategies Limited Liability Corporation has 0% invested in Diebold Inc (NYSE:DBD) for 11 shares. Creative Planning reported 4,702 shares or 0% of all its holdings. Lapides Asset Mngmt Ltd Com has 77,200 shares for 0.35% of their US portfolio. Texas Permanent School Fund last reported 0.02% of its portfolio in the stock. Gamco Et Al last reported 0.64% of its portfolio in the stock. Ameriprise Fincl accumulated 0.01% or 469,708 shares.

Diebold Inc (NYSE:DBD) Ratings Coverage

Out of 4 analysts covering Diebold Inc (NYSE:DBD), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Diebold Inc has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Wedbush upgraded the stock to “Outperform” rating in Friday, July 31 report. The rating was downgraded by TheStreet on Tuesday, August 25 to “Buy”. The firm earned “In-Line” rating on Tuesday, May 3 by Imperial Capital. The firm earned “Buy” rating on Monday, January 25 by Northcoast. The firm has “Neutral” rating given on Monday, August 15 by JP Morgan. Imperial Capital maintained it with “In-Line” rating and $35 target price in Wednesday, September 16 report. The rating was maintained by Wedbush on Thursday, February 4 with “Outperform”. The firm has “Overweight” rating by JP Morgan given on Monday, September 26.

DBD Company Profile

Diebold, Incorporated, incorporated on August 11, 1876, is engaged in the business of financial self-service (FSS) and security solutions, which it integrates based on its customers’ needs. The Company’s divisions include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). The Firm offers an integrated line of self-service solutions and technology, including automated teller machine (ATM) outsourcing, ATM security, deposit automation, recycling and payment terminals and software. The Firm also offers functionality terminals capable of supporting mobile card-less transactions and two-way video technology to support bank branch automation. The Firm supplies ATMs and related services across the world. The Firm through its divisions sells and services FSS and security systems around the globe, as well as elections, lottery and information technology solutions in Brazil other, through subsidiaries, joint ventures and independent distributors in various countries.

More recent Diebold Inc (NYSE:DBD) news were published by: Cleveland.com which released: “Diebold Inc. lost $21.1 million in 2nd quarter of 2016, says Wincor Nixdorf …” on July 29, 2016. Also Crainscleveland.com published the news titled: “Diebold Inc. completes $1.8 billion merger with Germany’s Wincor Nixdorf” on August 15, 2016. Moodys.com‘s news article titled: “Moody’s assigns B2 to Diebold, Inc. unsecured notes” with publication date: March 31, 2016 was also an interesting one.

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By Linda Rogers


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