Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY) Sees Large Decrease in Short Interest

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 3,000 shares, a drop of 50.8% from the August 31st total of 6,100 shares. Based on an average daily volume of 220,900 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 220,900 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Berenberg Bank raised Siemens Energy to a “strong-buy” rating in a research note on Thursday. Hsbc Global Res raised Siemens Energy to a “strong-buy” rating in a research note on Friday, September 5th. Zacks Research raised Siemens Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 1st. Morgan Stanley reissued an “overweight” rating on shares of Siemens Energy in a research note on Friday, August 8th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Siemens Energy in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Siemens Energy Stock Performance

Siemens Energy stock opened at $124.68 on Friday. The stock’s 50 day simple moving average is $111.90 and its two-hundred day simple moving average is $96.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.90. The stock has a market cap of $99.66 billion, a price-to-earnings ratio of 105.66, a PEG ratio of 0.65 and a beta of 1.96. Siemens Energy has a fifty-two week low of $36.18 and a fifty-two week high of $128.98.

Siemens Energy (OTCMKTS:SMNEY) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.48. Siemens Energy had a return on equity of 9.57% and a net margin of 2.50%.The business had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $10.64 billion. As a group, analysts expect that Siemens Energy will post 0.24 earnings per share for the current fiscal year.

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.