Siemens AG Sees Significant Growth in Short Interest (SI)
Siemens AG (NYSE:SI) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 1,337,880 shares, a growth of 133.8% from the April 15th total of 572,218 shares, AnalystRatingsNetwork reports. Based on an average daily volume of 601,596 shares, the short-interest ratio is currently 2.2 days. Approximately 0.0% of the company’s shares are short sold.
A number of research firms have recently commented on SI. Analysts at Zacks upgraded shares of Siemens AG from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $135.00 price target on the stock. Separately, analysts at Bank of America upgraded shares of Siemens AG from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 8th. Finally, analysts at Bank of America upgraded shares of Siemens AG from a “neutral” rating to a “buy” rating in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $135.00.
Siemens AG (NYSE:SI) is a globally operating technology company with core activities in the fields of energy, healthcare, industry and infrastructure.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.