Siemens Energy AG (OTCMKTS:SMNEY – Get Free Report) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 18,300 shares, an increase of 394.6% from the December 31st total of 3,700 shares. Based on an average daily trading volume, of 104,300 shares, the short-interest ratio is currently 0.2 days.
Wall Street Analysts Forecast Growth
SMNEY has been the topic of a number of research reports. Citigroup upgraded shares of Siemens Energy to a “hold” rating in a research note on Wednesday, October 9th. UBS Group lowered shares of Siemens Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 20th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Siemens Energy presently has an average rating of “Hold”.
Check Out Our Latest Analysis on SMNEY
Siemens Energy Stock Up 2.8 %
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.
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