Siemens Energy AG (OTCMKTS:SMEGF) Short Interest Update

Siemens Energy AG (OTCMKTS:SMEGF) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,408,985 shares, a growth of 235.5% from the May 31st total of 419,988 shares. Based on an average daily trading volume, of 16,552 shares, the days-to-cover ratio is presently 85.1 days.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Siemens Energy in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Siemens Energy presently has an average rating of “Buy”.

Siemens Energy Stock Performance

SMEGF stock opened at $178.45 on Friday. The company has a 50 day moving average price of $196.33 and a 200 day moving average price of $178.34. Siemens Energy has a fifty-two week low of $98.00 and a fifty-two week high of $223.95.

Siemens Energy Company Profile

Siemens Energy AG is a global energy technology company headquartered in Munich, Germany. Established in 2020 as a spin-off from Siemens AG’s Energy Management and Power and Gas divisions, the company develops and delivers equipment, solutions and services across the energy value chain. Its portfolio encompasses products for power generation, transmission and storage, serving utilities, independent power producers and industrial customers.

The company’s main business activities include the design and manufacture of gas and steam turbines, generators and compressors for conventional power plants, as well as high-voltage transformers, switchgear and grid stabilization equipment for power transmission networks.