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

Key Points

• Siemens Energy AG saw a significant decline in short interest, dropping 50.8% in September, with short interest falling to 3,000 shares as of September 15th.
• Analyst ratings for Siemens Energy reflect a positive outlook, with reports from Morgan Stanley and Hsbc Global Res issuing "overweight" and "strong-buy" ratings respectively.
• The company reported $0.79 EPS for its latest quarter, significantly beating analysts' expectations of $0.31 and highlighting a revenue of $11.06 billion.

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY - Get Free Report) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 3,000 shares, a decline of 50.8% from the August 31st total of 6,100 shares. Based on an average trading volume of 220,900 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 220,900 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Several analysts have recently issued reports on SMNEY shares. Morgan Stanley reissued an "overweight" rating on shares of Siemens Energy in a research note on Friday, August 8th. Hsbc Global Res raised shares of Siemens Energy to a "strong-buy" rating in a research report on Friday, September 5th. Zacks Research upgraded Siemens Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 1st. Finally, Citigroup reiterated a "neutral" rating on shares of Siemens Energy in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Siemens Energy presently has an average rating of "Moderate Buy".

Siemens Energy Price Performance

Shares of Siemens Energy stock traded down $3.20 during trading on Friday, hitting $124.34. 69,745 shares of the company's stock traded hands, compared to its average volume of 219,293. The company has a market cap of $99.39 billion, a PE ratio of 105.37, a PEG ratio of 0.63 and a beta of 1.96. Siemens Energy has a twelve month low of $36.18 and a twelve month high of $128.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.90 and a quick ratio of 0.62. The firm's fifty day moving average price is $111.70 and its 200 day moving average price is $95.64.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.79 EPS for the quarter, beating 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 analyst estimates of $10.64 billion. Analysts forecast that Siemens Energy will post 0.24 earnings per share for the current year.

Siemens Energy Company Profile

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.

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