Siemens Energy AG (OTCMKTS:SMNEY) Short Interest Down 64.1% in December

Siemens Energy AG (OTCMKTS:SMNEY) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 3,700 shares, a drop of 64.1% from the November 30th total of 10,300 shares. Based on an average daily volume of 765,700 shares, the days-to-cover ratio is presently 0.0 days.

Siemens Energy Price Performance

Shares of SMNEY traded up $0.50 during midday trading on Friday, hitting $54.50. The stock had a trading volume of 25,692 shares, compared to its average volume of 111,667. The firm has a market cap of $43.56 billion and a PE ratio of 37.07. Siemens Energy has a 1 year low of $12.09 and a 1 year high of $56.26. The stock’s 50 day moving average is $48.23 and its 200 day moving average is $36.29.

Analyst Ratings Changes

Separately, Citigroup upgraded Siemens Energy to a “hold” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently 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.