Short Interest in Siemens Energy AG (OTCMKTS:SMNEY) Increases By 57.5%

Siemens Energy AG (OTCMKTS:SMNEY) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 25,200 shares, an increase of 57.5% from the February 28th total of 16,000 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 986,000 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SMNEY shares. UBS Group downgraded Siemens Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Siemens Energy in a report on Thursday. Finally, Morgan Stanley restated an “overweight” rating on shares of Siemens Energy in a report on Thursday. Two analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Siemens Energy presently has a consensus rating of “Moderate Buy”.

Siemens Energy Price Performance

SMNEY opened at $59.75 on Friday. The business has a 50-day moving average of $60.58 and a 200-day moving average of $50.84. Siemens Energy has a fifty-two week low of $18.18 and a fifty-two week high of $69.07. The company has a market capitalization of $47.76 billion and a PE ratio of -284.52.

Siemens Energy (OTCMKTS:SMNEY) last posted its earnings results on Wednesday, February 12th. The company reported $0.24 EPS for the quarter. On average, equities research analysts expect that Siemens Energy will post 0.24 earnings per share for the current fiscal year.

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.