Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY) Short Interest Update

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 75,072 shares, a growth of 137.5% from the November 30th total of 31,609 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 329,773 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 329,773 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several research firms have recently commented on SMNEY. Zacks Research raised Siemens Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Morgan Stanley reiterated an “overweight” rating on shares of Siemens Energy in a report on Monday, December 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Siemens Energy in a research report on Friday, November 14th. Royal Bank Of Canada restated an “outperform” rating on shares of Siemens Energy in a report on Friday, November 21st. Finally, Jefferies Financial Group upgraded shares of Siemens Energy from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Siemens Energy Stock Up 0.0%

Shares of SMNEY traded up $0.04 during mid-day trading on Friday, hitting $143.13. 51,327 shares of the company traded hands, compared to its average volume of 177,869. The company has a market capitalization of $114.41 billion, a PE ratio of 80.86 and a beta of 1.94. The company has a quick ratio of 0.63, a current ratio of 0.90 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average of $129.90 and a 200 day moving average of $117.74. Siemens Energy has a 1-year low of $50.00 and a 1-year high of $146.99.

About Siemens Energy

Siemens Energy AG is a global energy technology company headquartered in Germany that provides equipment, systems and services across the power generation and transmission value chains. Established as an independent public company through a spin-off of Siemens AG’s energy businesses in 2020, Siemens Energy draws on a long industrial heritage to design, manufacture and service technologies used by utilities, industrial customers and the oil and gas sector.

The company’s product and service portfolio includes gas and steam turbines, generators, transformers and high-voltage transmission equipment as well as grid connection and power-conversion systems.