Short Interest in Siemens Energy AG (OTCMKTS:SMNEY) Expands By 99.3%

Siemens Energy AG (OTCMKTS:SMNEY - Get Free Report) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 30,300 shares, a growth of 99.3% from the May 15th total of 15,200 shares. Based on an average daily volume of 366,600 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SMNEY. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Siemens Energy in a research report on Thursday, March 27th. Morgan Stanley reissued an "overweight" rating on shares of Siemens Energy in a research note on Tuesday, May 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Siemens Energy currently has a consensus rating of "Moderate Buy".

Siemens Energy Trading Down 2.1%

SMNEY traded down $2.04 during midday trading on Friday, hitting $97.32. 103,592 shares of the company traded hands, compared to its average volume of 289,744. The business has a 50 day simple moving average of $83.57 and a two-hundred day simple moving average of $66.48. The company has a market capitalization of $77.79 billion and a price-to-earnings ratio of 442.36. Siemens Energy has a 52-week low of $24.38 and a 52-week high of $102.01.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.52 earnings per share (EPS) for the quarter. The firm had revenue of $10.48 billion for the quarter. Equities research analysts anticipate that Siemens Energy will post 0.24 earnings per share for the current year.

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.