Siemens Healthineers AG (OTCMKTS:SMMNY) Sees Significant Drop in Short Interest

Siemens Healthineers AG (OTCMKTS:SMMNY) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 1,900 shares, a drop of 67.8% from the October 31st total of 5,900 shares. Based on an average daily trading volume, of 129,200 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

A number of analysts have commented on the company. Sanford C. Bernstein raised Siemens Healthineers to a “strong-buy” rating in a report on Wednesday, July 31st. UBS Group downgraded Siemens Healthineers from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 26th.

Siemens Healthineers Stock Up 1.0 %

Shares of SMMNY traded up $0.26 during trading hours on Wednesday, reaching $26.83. 98,633 shares of the stock traded hands, compared to its average volume of 56,573. Siemens Healthineers has a 52 week low of $25.54 and a 52 week high of $31.73. The stock has a fifty day simple moving average of $27.48 and a 200 day simple moving average of $28.19.

About Siemens Healthineers

Siemens Healthineers AG, through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers worldwide. It operates through four segments: Imaging, Diagnostics, Varian, and Advanced Therapies. The Imaging segment provides magnetic resonance imaging, computed tomography, X-ray systems, molecular imaging, and ultrasound systems.