Short Interest in Siemens Energy AG (OTCMKTS:SMNEY) Expands By 394.6%

Siemens Energy AG (OTCMKTS:SMNEY) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 18,300 shares, a growth of 394.6% from the December 15th total of 3,700 shares. Based on an average daily volume of 104,300 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded 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 assigned a hold rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Siemens Energy has an average rating of “Moderate Buy”.

Siemens Energy Trading Down 0.9 %

SMNEY stock traded down $0.48 during mid-day trading on Monday, hitting $50.63. The stock had a trading volume of 63,970 shares, compared to its average volume of 82,196. The firm has a fifty day simple moving average of $51.17 and a 200 day simple moving average of $38.74. Siemens Energy has a 52 week low of $12.20 and a 52 week high of $57.13. The firm has a market capitalization of $40.47 billion and a P/E ratio of 34.44.

Siemens Energy Company Profile

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.