Short Interest in Siemens Healthineers AG (OTCMKTS:SMMNY) Rises By 17.5%

Siemens Healthineers AG (OTCMKTS:SMMNY) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 6,700 shares, an increase of 17.5% from the August 31st total of 5,700 shares. Based on an average daily volume of 69,500 shares, the days-to-cover ratio is currently 0.1 days.

Siemens Healthineers Trading Up 4.6 %

Shares of SMMNY traded up $1.33 during mid-day trading on Friday, reaching $29.99. 20,658 shares of the company’s stock traded hands, compared to its average volume of 55,923. The stock’s 50-day moving average is $28.00 and its two-hundred day moving average is $28.68. Siemens Healthineers has a 12 month low of $24.01 and a 12 month high of $31.73.

Siemens Healthineers (OTCMKTS:SMMNY) last released its earnings results on Wednesday, July 31st. The company reported $0.28 earnings per share for the quarter. The business had revenue of $5.84 billion for the quarter.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SMMNY shares. Sanford C. Bernstein upgraded Siemens Healthineers to a “strong-buy” rating in a report on Wednesday, July 31st. UBS Group cut shares of Siemens Healthineers from a “strong-buy” rating to a “hold” rating in a research report on Thursday.

About Siemens Healthineers

Siemens Healthineers AG, through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers worldwide. It operates through four segments: Imaging, Diagnostics, Varian, and Advanced Therapies. The Imaging segment provides magnetic resonance imaging, computed tomography, X-ray systems, molecular imaging, and ultrasound systems.