Siemens Energy AG (OTCMKTS:SMNEY) Short Interest Update

Siemens Energy AG (OTCMKTS:SMNEY) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 16,000 shares, a decrease of 22.0% from the February 13th total of 20,500 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 220,900 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

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

Siemens Energy Price Performance

Shares of OTCMKTS:SMNEY traded up $1.99 during trading on Tuesday, hitting $66.89. 157,017 shares of the company’s stock were exchanged, compared to its average volume of 358,764. Siemens Energy has a 52-week low of $16.02 and a 52-week high of $67.05. The business’s 50-day simple moving average is $58.34 and its 200 day simple moving average is $48.65. The company has a market cap of $53.47 billion and a price-to-earnings ratio of -318.52.

Siemens Energy (OTCMKTS:SMNEY) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.24 earnings per share for the quarter. On average, sell-side analysts anticipate that Siemens Energy will post 0.24 EPS for the current fiscal 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.