Siemens Energy AG (OTCMKTS:SMEGF) Sees Large Growth in Short Interest

Siemens Energy AG (OTCMKTS:SMEGF) saw a large growth in short interest in March. As of March 31st, there was short interest totaling 941,304 shares, a growth of 22.5% from the March 15th total of 768,593 shares. Based on an average trading volume of 11,611 shares, the short-interest ratio is presently 81.1 days.

Siemens Energy Trading Down 1.0%

Shares of OTCMKTS:SMEGF opened at $200.01 on Thursday. Siemens Energy has a 52-week low of $66.00 and a 52-week high of $203.00. The company has a 50-day simple moving average of $183.14 and a 200 day simple moving average of $153.21.

About Siemens Energy

Siemens Energy AG is a global energy technology company headquartered in Munich, Germany. Established in 2020 as a spin-off from Siemens AG’s Energy Management and Power and Gas divisions, the company develops and delivers equipment, solutions and services across the energy value chain. Its portfolio encompasses products for power generation, transmission and storage, serving utilities, independent power producers and industrial customers.

The company’s main business activities include the design and manufacture of gas and steam turbines, generators and compressors for conventional power plants, as well as high-voltage transformers, switchgear and grid stabilization equipment for power transmission networks.