Siemens Energy AG (OTCMKTS:SMNEY) Short Interest Up 394.6% in January

Siemens Energy AG (OTCMKTS:SMNEY) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 18,300 shares, an increase of 394.6% from the December 31st total of 3,700 shares. Based on an average daily volume of 104,300 shares, the short-interest ratio is presently 0.2 days.

Siemens Energy Price Performance

Shares of OTCMKTS:SMNEY traded up $1.55 during midday trading on Wednesday, hitting $56.68. 558,211 shares of the company’s stock were exchanged, compared to its average volume of 404,406. The stock has a 50 day moving average price of $53.51 and a 200-day moving average price of $40.96. The company has a market cap of $45.30 billion and a PE ratio of 38.56. Siemens Energy has a 12 month low of $14.09 and a 12 month high of $63.46.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. UBS Group downgraded shares of Siemens Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 20th. Citigroup raised shares of Siemens Energy to a “hold” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

About Siemens Energy

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.