Siemens Energy AG (OTCMKTS:SMNEY) Short Interest Up 141.2% in August

Siemens Energy AG (OTCMKTS:SMNEY) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 4,100 shares, a growth of 141.2% from the August 15th total of 1,700 shares. Based on an average daily volume of 26,400 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

SMNEY has been the topic of several recent research reports. The Goldman Sachs Group upgraded shares of Siemens Energy to a “strong-buy” rating in a report on Thursday, August 8th. Sanford C. Bernstein raised shares of Siemens Energy to a “strong sell” rating in a report on Thursday, August 8th. Berenberg Bank upgraded Siemens Energy to a “strong-buy” rating in a research note on Tuesday, June 25th. Finally, UBS Group upgraded shares of Siemens Energy to a “hold” rating in a research report on Thursday, August 8th.

Siemens Energy Stock Up 8.7 %

SMNEY stock opened at $32.19 on Friday. Siemens Energy has a one year low of $7.21 and a one year high of $32.35. The firm has a 50-day moving average of $27.97 and a two-hundred day moving average of $23.93.

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.