Short Interest in Siemens Energy AG (OTCMKTS:SMNEY) Expands By 1,884.4%

Siemens Energy AG (OTCMKTS:SMNEY) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 63,500 shares, an increase of 1,884.4% from the October 31st total of 3,200 shares. Based on an average daily trading volume, of 1,540,400 shares, the days-to-cover ratio is presently 0.0 days.

Siemens Energy Stock Performance

OTCMKTS SMNEY traded up $0.73 on Thursday, hitting $51.31. 30,338 shares of the stock traded hands, compared to its average volume of 99,920. The business’s fifty day moving average is $41.66 and its two-hundred day moving average is $32.44. Siemens Energy has a 12 month low of $10.95 and a 12 month high of $52.40. The firm has a market capitalization of $41.01 billion and a price-to-earnings ratio of 34.90.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SMNEY. UBS Group raised Siemens Energy to a “hold” rating in a report on Thursday, August 8th. Sanford C. Bernstein raised Siemens Energy to a “strong sell” rating in a research report on Thursday, August 8th. The Goldman Sachs Group raised shares of Siemens Energy to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Citigroup upgraded shares of Siemens Energy to a “hold” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a strong buy rating to the company. According to MarketBeat, Siemens Energy has an average rating of “Moderate Buy”.

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.