Siemens Energy AG (OTCMKTS:SMNEY) Short Interest Down 82.9% in September

Siemens Energy AG (OTCMKTS:SMNEY) saw a significant decline in short interest in September. As of September 15th, there was short interest totalling 700 shares, a decline of 82.9% from the August 31st total of 4,100 shares. Based on an average daily volume of 201,000 shares, the days-to-cover ratio is currently 0.0 days.

Siemens Energy Price Performance

Shares of SMNEY stock traded up $0.52 during mid-day trading on Wednesday, hitting $37.36. The stock had a trading volume of 36,210 shares, compared to its average volume of 38,312. Siemens Energy has a 12-month low of $7.21 and a 12-month high of $38.00. The firm’s 50-day moving average is $28.98 and its two-hundred day moving average is $25.12.

Wall Street Analyst Weigh In

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

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.