Siemens Energy AG (OTCMKTS:SMNEY) Sees Large Increase in Short Interest

Siemens Energy AG (OTCMKTS:SMNEY) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 4,100 shares, an increase of 141.2% from the August 15th total of 1,700 shares. Based on an average daily volume of 26,400 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SMNEY shares. Berenberg Bank raised shares of Siemens Energy to a “strong-buy” rating in a research note on Tuesday, June 25th. The Goldman Sachs Group upgraded Siemens Energy to a “strong-buy” rating in a research report on Thursday, August 8th. Sanford C. Bernstein raised Siemens Energy to a “strong sell” rating in a report on Thursday, August 8th. Finally, UBS Group raised Siemens Energy to a “hold” rating in a research note on Thursday, August 8th.

Siemens Energy Stock Performance

SMNEY traded up $2.59 on Friday, reaching $32.19. The company had a trading volume of 149,515 shares, compared to its average volume of 37,119. Siemens Energy has a one year low of $7.21 and a one year high of $32.35. The company has a fifty day moving average of $27.89 and a 200-day moving average of $23.81.

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.