Siemens Healthineers AG (OTCMKTS:SMMNY) Sees Large Drop in Short Interest

Siemens Healthineers AG (OTCMKTS:SMMNY) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 100 shares, a drop of 98.7% from the December 15th total of 7,600 shares. Based on an average daily trading volume, of 178,200 shares, the days-to-cover ratio is currently 0.0 days.

Siemens Healthineers Price Performance

Shares of OTCMKTS:SMMNY traded down $0.38 during mid-day trading on Monday, reaching $25.97. The stock had a trading volume of 181,992 shares, compared to its average volume of 108,599. The business’s 50 day moving average price is $26.95 and its 200 day moving average price is $27.74. Siemens Healthineers has a 1 year low of $25.54 and a 1 year high of $31.73.

Wall Street Analysts Forecast Growth

Separately, UBS Group downgraded shares of Siemens Healthineers from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 26th.

Siemens Healthineers Company Profile

Siemens Healthineers AG, through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers worldwide. It operates through four segments: Imaging, Diagnostics, Varian, and Advanced Therapies. The Imaging segment provides magnetic resonance imaging, computed tomography, X-ray systems, molecular imaging, and ultrasound systems.