Siemens Energy AG (OTCMKTS:SMEGF) Sees Significant Increase in Short Interest

Siemens Energy AG (OTCMKTS:SMEGF) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 631,600 shares, a growth of 18.0% from the February 13th total of 535,200 shares. Based on an average daily volume of 13,000 shares, the days-to-cover ratio is presently 48.6 days.

Siemens Energy Price Performance

SMEGF opened at $65.63 on Friday. Siemens Energy has a one year low of $16.82 and a one year high of $68.65. The company’s 50 day simple moving average is $59.41 and its 200-day simple moving average is $49.27.

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.