Siemens Gamesa Renewable Energy, S.A. (OTCMKTS:GCTAY) Sees Large Drop in Short Interest

Siemens Gamesa Renewable Energy, S.A. (OTCMKTS:GCTAY) was the recipient of a large decrease in short interest during the month of May. As of May 28th, there was short interest totalling 29,800 shares, a decrease of 87.1% from the May 13th total of 230,300 shares. Based on an average trading volume of 109,300 shares, the days-to-cover ratio is currently 0.3 days.

OTCMKTS:GCTAY traded down $0.18 during trading hours on Friday, reaching $5.94. 276,872 shares of the stock were exchanged, compared to its average volume of 215,432. Siemens Gamesa Renewable Energy has a twelve month low of $3.11 and a twelve month high of $9.69. The company has a quick ratio of 0.63, a current ratio of 0.84 and a debt-to-equity ratio of 0.28. The company’s 50 day simple moving average is $6.78.

About Siemens Gamesa Renewable Energy

Siemens Gamesa Renewable Energy, SA, together with its subsidiaries, supplies wind power solutions in Europe, the Middle East, Africa, Americas, Asia, and Australia. It operates through two segments, Wind Turbines and Operation and Maintenance. The Wind Turbines segment offers wind turbines for various pitch and speed technologies, as well as provides development, construction, and sale of wind farms.

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