Short Interest in Siemens Energy AG (OTCMKTS:SMNEY) Declines By 83.8%

Siemens Energy AG (OTCMKTS:SMNEY) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 10,300 shares, a drop of 83.8% from the November 15th total of 63,500 shares. Based on an average daily volume of 1,022,800 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Citigroup raised Siemens Energy to a “hold” rating in a research note on Wednesday, October 9th. One 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Siemens Energy Price Performance

Shares of SMNEY traded up $1.72 during trading hours on Wednesday, hitting $53.40. 98,159 shares of the stock were exchanged, compared to its average volume of 114,157. The firm has a market capitalization of $42.68 billion and a P/E ratio of 36.33. Siemens Energy has a fifty-two week low of $10.95 and a fifty-two week high of $56.26. The business has a 50-day moving average of $45.05 and a 200-day moving average of $34.35.

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.