Short Interest in Siemens Energy AG (OTCMKTS:SMEGF) Declines By 64.5%

Siemens Energy AG (OTCMKTS:SMEGF) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 342,300 shares, a decline of 64.5% from the November 30th total of 964,800 shares. Based on an average trading volume of 8,100 shares, the days-to-cover ratio is currently 42.3 days.

Siemens Energy Stock Performance

Shares of SMEGF traded up $0.44 during midday trading on Thursday, reaching $53.64. The stock had a trading volume of 238 shares, compared to its average volume of 6,680. The firm has a 50 day simple moving average of $48.00 and a 200-day simple moving average of $36.14. Siemens Energy has a one year low of $12.18 and a one year high of $56.25.

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.