Siemens Energy AG (OTCMKTS:SMNEY) Short Interest Up 1,884.4% in November

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

Siemens Energy Stock Performance

OTCMKTS SMNEY traded down $0.97 during trading on Wednesday, reaching $50.58. 37,942 shares of the company traded hands, compared to its average volume of 100,224. The stock’s 50 day moving average price is $41.32 and its two-hundred day moving average price is $32.31. Siemens Energy has a 1-year low of $10.95 and a 1-year high of $52.40. The company has a market cap of $40.43 billion and a price-to-earnings ratio of 34.41.

Wall Street Analysts Forecast Growth

SMNEY has been the topic of a number of research analyst reports. The Goldman Sachs Group raised Siemens Energy to a “strong-buy” rating in a report on Thursday, August 8th. Citigroup raised shares of Siemens Energy to a “hold” rating in a report on Wednesday, October 9th. Sanford C. Bernstein raised shares of Siemens Energy to a “strong sell” rating in a research report on Thursday, August 8th. Finally, UBS Group raised Siemens Energy to a “hold” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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.