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

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY) saw 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 287,888 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 287,888 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Siemens Energy Stock Up 0.8%

Shares of Siemens Energy stock traded up $1.22 on Thursday, hitting $148.66. The company had a trading volume of 121,148 shares, compared to its average volume of 121,825. The stock has a market capitalization of $118.83 billion, a price-to-earnings ratio of 83.99 and a beta of 1.97. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.90. Siemens Energy has a 1 year low of $50.00 and a 1 year high of $153.53. The stock has a 50 day moving average of $136.55 and a 200-day moving average of $121.83.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SMNEY. Sanford C. Bernstein assumed coverage on shares of Siemens Energy in a research report on Wednesday, January 7th. They issued an “outperform” rating for the company. Berenberg Bank raised Siemens Energy to a “strong-buy” rating in a research note on Thursday, October 2nd. Evercore ISI began coverage on shares of Siemens Energy in a research note on Monday, December 15th. They issued an “outperform” rating for the company. Morgan Stanley restated an “overweight” rating on shares of Siemens Energy in a report on Monday, December 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Siemens Energy in a research note on Friday, November 14th. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company 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.