Short Interest in Siemens Energy AG (OTCMKTS:SMNEY) Expands By 57.5%

Siemens Energy AG (OTCMKTS:SMNEY) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 25,200 shares, a growth of 57.5% from the February 28th total of 16,000 shares. Based on an average trading volume of 986,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Siemens Energy in a report on Thursday. UBS Group downgraded Siemens Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Siemens Energy in a report on Thursday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Siemens Energy Price Performance

OTCMKTS SMNEY opened at $59.75 on Friday. The company’s fifty day moving average is $60.58 and its two-hundred day moving average is $50.84. Siemens Energy has a 52-week low of $18.18 and a 52-week high of $69.07. The firm has a market capitalization of $47.76 billion and a price-to-earnings ratio of -284.52.

Siemens Energy (OTCMKTS:SMNEY) last released its earnings results on Wednesday, February 12th. The company reported $0.24 earnings per share for the quarter. As a group, sell-side analysts expect that Siemens Energy will post 0.24 earnings per share for the current fiscal year.

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.