Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY) Sees Large Decline in Short Interest

Key Points

• Short interest in Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY) decreased by 70.3% in August, dropping to 6,900 shares from 23,200 shares at the end of July.
• Analyst ratings show that Siemens Energy has a consensus rating of "Hold", with Morgan Stanley reiterating an "overweight" position on August 8th.
• Siemens Energy reported strong earnings with an EPS of $0.79, significantly exceeding analysts' expectations, alongside a revenue of $11.06 billion for the quarter.

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY - Get Free Report) was the target of a significant decline in short interest in August. As of August 15th, there was short interest totaling 6,900 shares, adeclineof70.3% from the July 31st total of 23,200 shares. Based on an average daily volume of 221,900 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 221,900 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

SMNEY has been the topic of several research analyst reports. Morgan Stanley reissued an "overweight" rating on shares of Siemens Energy in a report on Friday, August 8th. Zacks Research upgraded shares of Siemens Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Siemens Energy currently has a consensus rating of "Moderate Buy".

Siemens Energy Trading Down 0.9%

Shares of OTCMKTS SMNEY traded down $0.92 during mid-day trading on Friday, reaching $103.12. The company had a trading volume of 82,516 shares, compared to its average volume of 109,569. The business's 50-day moving average is $110.15 and its 200-day moving average is $88.79. The company has a current ratio of 0.90, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The stock has a market cap of $82.42 billion, a price-to-earnings ratio of 87.39, a price-to-earnings-growth ratio of 1.43 and a beta of 2.04. Siemens Energy has a 52 week low of $26.26 and a 52 week high of $121.65.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.48. Siemens Energy had a net margin of 2.50% and a return on equity of 9.57%. The firm had revenue of $11.06 billion for the quarter, compared to analysts' expectations of $10.64 billion. Equities analysts expect 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.