Siemens Energy AG (OTCMKTS:SMNEY) Sees Large Drop in Short Interest

Siemens Energy AG (OTCMKTS:SMNEY) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 3,700 shares, a decrease of 64.1% from the November 30th total of 10,300 shares. Based on an average trading volume of 765,700 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of Siemens Energy to a “hold” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Siemens Energy currently has an average rating of “Moderate Buy”.

Siemens Energy Price Performance

OTCMKTS SMNEY traded up $0.50 on Friday, hitting $54.50. The stock had a trading volume of 25,692 shares, compared to its average volume of 111,667. The business’s fifty day moving average price is $48.23 and its 200 day moving average price is $36.29. The stock has a market cap of $43.56 billion and a price-to-earnings ratio of 37.07. Siemens Energy has a 52-week low of $12.09 and a 52-week high of $56.26.

About Siemens Energy

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.