Siemens Healthineers AG (OTCMKTS:SMMNY) Sees Large Drop in Short Interest

Siemens Healthineers AG (OTCMKTS:SMMNY) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 69,756 shares, a decrease of 48.9% from the September 30th total of 136,510 shares. Based on an average daily volume of 111,519 shares, the short-interest ratio is currently 0.6 days.

Siemens Healthineers Price Performance

Shares of Siemens Healthineers stock opened at $23.81 on Friday. The company’s fifty day simple moving average is $22.43 and its two-hundred day simple moving average is $22.00. Siemens Healthineers has a 12-month low of $19.20 and a 12-month high of $28.43.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SMMNY shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Siemens Healthineers in a research note on Friday, October 16th. Zacks Research lowered Siemens Healthineers from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 1st. Citigroup reiterated a “buy” rating on shares of Siemens Healthineers in a report on Tuesday, October 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Siemens Healthineers in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Siemens Healthineers Company Profile

Siemens Healthineers AG is a global medical technology company headquartered in Erlangen, Germany. The company develops, manufactures and provides products, services and digital solutions that support the prevention, diagnosis and treatment of disease. Siemens Healthineers operates as a separately managed company within the broader Siemens group and has served healthcare providers in markets around the world.

Its portfolio includes medical imaging systems such as computed tomography, magnetic resonance imaging, X-ray and molecular imaging equipment, as well as ultrasound systems.