Short Interest in Siemens Energy AG (OTCMKTS:SMEGF) Drops By 64.5%

Siemens Energy AG (OTCMKTS:SMEGF) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 342,300 shares, a decline of 64.5% from the November 30th total of 964,800 shares. Based on an average daily volume of 8,100 shares, the days-to-cover ratio is currently 42.3 days.

Siemens Energy Stock Down 0.3 %

Shares of SMEGF stock traded down $0.14 during midday trading on Friday, reaching $53.50. 540 shares of the company were exchanged, compared to its average volume of 6,653. The company’s 50 day moving average price is $48.28 and its two-hundred day moving average price is $36.26. Siemens Energy has a 12 month low of $12.18 and a 12 month high of $56.25.

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.