Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY) Sees Significant Drop in Short Interest

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 15,866 shares, a decline of 78.7% from the December 15th total of 74,406 shares. Based on an average daily trading volume, of 287,888 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 287,888 shares, the short-interest ratio is currently 0.1 days.

Siemens Energy Stock Up 1.9%

Shares of SMNEY opened at $149.85 on Tuesday. The firm has a fifty day moving average price of $135.48 and a 200-day moving average price of $121.37. The company has a current ratio of 0.90, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $119.78 billion, a P/E ratio of 84.66 and a beta of 1.97. Siemens Energy has a 12-month low of $50.00 and a 12-month high of $153.53.

Analyst Ratings Changes

A number of brokerages recently commented on SMNEY. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Siemens Energy in a report on Friday, November 21st. Morgan Stanley restated an “overweight” rating on shares of Siemens Energy in a research report on Monday, December 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Siemens Energy in a research note on Friday, November 14th. Jefferies Financial Group raised Siemens Energy from a “hold” rating to a “buy” rating in a research report on Sunday, November 9th. Finally, Rothschild Redb lowered Siemens Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 15th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Siemens Energy has an average rating of “Moderate Buy”.

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.