E.On Se (OTCMKTS:EONGY) Sees Significant Drop in Short Interest

E.On Se (OTCMKTS:EONGY) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 33,556 shares, a drop of 45.0% from the April 15th total of 60,964 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 219,720 shares, the short-interest ratio is presently 0.2 days.

E.On Stock Performance

Shares of OTCMKTS EONGY traded down $0.73 during midday trading on Friday, hitting $20.84. The company’s stock had a trading volume of 118,610 shares, compared to its average volume of 109,141. E.On has a 1-year low of $16.68 and a 1-year high of $23.58. The firm’s fifty day moving average price is $22.21 and its 200-day moving average price is $20.49. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.74 and a current ratio of 0.79. The firm has a market cap of $54.48 billion, a P/E ratio of 13.62, a P/E/G ratio of 4.90 and a beta of 0.74.

E.On (OTCMKTS:EONGY) last posted its quarterly earnings results on Wednesday, May 13th. The utilities provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.49 by $0.11. E.On had a net margin of 4.58% and a return on equity of 12.71%. The business had revenue of $25.55 billion during the quarter, compared to analyst estimates of $35.38 billion. On average, sell-side analysts forecast that E.On will post 1.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on EONGY shares. Citigroup reissued a “neutral” rating on shares of E.On in a report on Friday, February 6th. Zacks Research lowered shares of E.On from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Berenberg Bank lowered shares of E.On from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Bank of America lowered shares of E.On from a “buy” rating to a “neutral” rating in a report on Thursday, February 5th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of E.On in a report on Thursday. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

About E.On

E.ON SE is a Germany-based energy company headquartered in Essen that focuses on energy networks and customer solutions. The company owns and operates electricity and gas distribution networks, supplies energy to residential and commercial customers, and develops services and technologies aimed at energy efficiency, decentralised generation and electrification. E.ON’s business model emphasizes regulated network operations and customer-facing services rather than large-scale conventional power generation.

Key offerings include grid operation and maintenance, retail supply of electricity and gas, energy contracting and efficiency solutions for business customers, and a range of digital services such as smart metering, energy management and e-mobility charging infrastructure.