Siemens Energy AG (OTCMKTS:SMNEY) Short Interest Down 57.9% in June

Siemens Energy AG (OTCMKTS:SMNEY) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 3,200 shares, a drop of 57.9% from the May 31st total of 7,600 shares. Based on an average daily trading volume, of 51,300 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded shares of Siemens Energy to a “strong-buy” rating in a research report on Tuesday, June 25th.

Siemens Energy Trading Down 2.1 %

Shares of OTCMKTS:SMNEY traded down $0.56 during midday trading on Friday, hitting $25.87. 12,795 shares of the stock were exchanged, compared to its average volume of 22,365. Siemens Energy has a twelve month low of $7.21 and a twelve month high of $29.19. The company has a 50 day moving average price of $24.77 and a 200-day moving average price of $18.55.

About Siemens Energy

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.