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

Siemens Energy AG (OTCMKTS:SMNEY) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 4,100 shares, a growth of 141.2% from the August 15th total of 1,700 shares. Based on an average daily trading volume, of 26,400 shares, the short-interest ratio is presently 0.2 days.

Siemens Energy Stock Up 8.7 %

Shares of Siemens Energy stock traded up $2.59 during trading on Friday, reaching $32.19. The company’s stock had a trading volume of 149,515 shares, compared to its average volume of 37,119. Siemens Energy has a 1-year low of $7.21 and a 1-year high of $32.35. The company has a 50-day simple moving average of $27.97 and a two-hundred day simple moving average of $23.93.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group raised Siemens Energy to a “hold” rating in a research report on Thursday, August 8th. The Goldman Sachs Group raised Siemens Energy to a “strong-buy” rating in a research report on Thursday, August 8th. Berenberg Bank upgraded shares of Siemens Energy to a “strong-buy” rating in a report on Tuesday, June 25th. Finally, Sanford C. Bernstein upgraded shares of Siemens Energy to a “strong sell” rating in a research note on Thursday, August 8th.

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.