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

Siemens Energy AG (OTCMKTS:SMEGF) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 855,885 shares, a growth of 31.0% from the February 12th total of 653,254 shares. Based on an average daily volume of 10,918 shares, the days-to-cover ratio is currently 78.4 days. Based on an average daily volume of 10,918 shares, the days-to-cover ratio is currently 78.4 days.

Siemens Energy Stock Performance

SMEGF opened at $163.25 on Friday. Siemens Energy has a 1-year low of $50.00 and a 1-year high of $200.88. The company’s fifty day moving average price is $175.12 and its two-hundred day moving average price is $142.02.

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.