Short Interest in Siemens Energy AG (OTCMKTS:SMEGF) Expands By 58.5%

Siemens Energy AG (OTCMKTS:SMEGF) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 1,001,200 shares, an increase of 58.5% from the February 28th total of 631,600 shares. Based on an average daily volume of 78,300 shares, the short-interest ratio is currently 12.8 days.

Siemens Energy Stock Performance

Shares of SMEGF stock traded down $5.65 during trading hours on Friday, hitting $58.00. 834 shares of the company were exchanged, compared to its average volume of 17,625. Siemens Energy has a one year low of $18.12 and a one year high of $68.65. The business’s 50-day simple moving average is $60.70 and its two-hundred day simple moving average is $50.77.

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.