Siemens Energy AG (OTCMKTS:SMEGF) Short Interest Down 34.7% in January

Siemens Energy AG (OTCMKTS:SMEGF) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 1,589,691 shares, a decrease of 34.7% from the January 15th total of 2,433,557 shares. Based on an average daily volume of 13,150 shares, the days-to-cover ratio is presently 120.9 days. Based on an average daily volume of 13,150 shares, the days-to-cover ratio is presently 120.9 days.

Siemens Energy Stock Performance

Shares of OTCMKTS SMEGF opened at $192.25 on Friday. The company’s 50 day moving average price is $156.82 and its 200-day moving average price is $131.49. Siemens Energy has a 52-week low of $50.00 and a 52-week high of $198.43.

Siemens Energy Company Profile

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.