Siemens Energy AG (OTCMKTS:SMNEY) Short Interest Down 70.4% in October

Siemens Energy AG (OTCMKTS:SMNEY) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 3,200 shares, a decrease of 70.4% from the October 15th total of 10,800 shares. Based on an average trading volume of 82,400 shares, the short-interest ratio is currently 0.0 days.

Siemens Energy Stock Up 5.6 %

OTCMKTS:SMNEY traded up $2.59 on Wednesday, hitting $48.63. The stock had a trading volume of 1,946,800 shares, compared to its average volume of 76,512. Siemens Energy has a 52-week low of $10.80 and a 52-week high of $49.16. The stock has a market cap of $38.87 billion and a price-to-earnings ratio of 68.49. The business’s 50-day simple moving average is $37.73 and its two-hundred day simple moving average is $30.52.

Wall Street Analysts Forecast Growth

SMNEY has been the subject of several recent analyst reports. UBS Group raised shares of Siemens Energy to a “hold” rating in a report on Thursday, August 8th. Citigroup upgraded Siemens Energy to a “hold” rating in a research note on Wednesday, October 9th. Sanford C. Bernstein upgraded Siemens Energy to a “strong sell” rating in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group upgraded shares of Siemens Energy to a “strong-buy” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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.