Siemens Energy AG (OTCMKTS:SMNEY) Sees Significant Drop in Short Interest

Siemens Energy AG (OTCMKTS:SMNEY) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 20,500 shares, a decrease of 27.8% from the January 31st total of 28,400 shares. Based on an average daily volume of 532,100 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

A number of research firms have weighed in on SMNEY. UBS Group downgraded shares of Siemens Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 20th. Morgan Stanley reiterated an “overweight” rating on shares of Siemens Energy in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Siemens Energy currently has a consensus rating of “Moderate Buy”.

Siemens Energy Price Performance

Shares of Siemens Energy stock traded up $0.55 during midday trading on Tuesday, hitting $57.43. 158,498 shares of the company were exchanged, compared to its average volume of 309,720. The firm has a 50 day simple moving average of $56.83 and a 200-day simple moving average of $46.33. The firm has a market cap of $45.90 billion and a P/E ratio of -273.48. Siemens Energy has a 52 week low of $14.84 and a 52 week high of $66.95.

Siemens Energy (OTCMKTS:SMNEY) last issued its earnings results on Wednesday, February 12th. The company reported $0.24 EPS for the quarter. Equities research analysts expect that Siemens Energy will post 0.24 earnings per share for the current year.

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.