Short Interest in Siemens Energy AG (OTCMKTS:SMNEY) Declines By 22.0%

Siemens Energy AG (OTCMKTS:SMNEY) saw a large decrease in short interest during the month of 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 220,900 shares, the short-interest ratio is currently 0.1 days.

Siemens Energy Price Performance

Shares of SMNEY traded down $0.43 during midday trading on Wednesday, reaching $66.48. The stock had a trading volume of 118,652 shares, compared to its average volume of 354,174. Siemens Energy has a 1-year low of $16.02 and a 1-year high of $67.12. The company’s fifty day simple moving average is $58.56 and its two-hundred day simple moving average is $48.91. The company has a market cap of $53.14 billion and a price-to-earnings ratio of -316.57.

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

Wall Street Analysts Forecast Growth

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

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.