Short Interest in Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) Declines By 81.5%

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 4,211 shares, a decrease of 81.5% from the August 15th total of 22,788 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 389,883 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Vonovia from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. The Goldman Sachs Group lowered Vonovia from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Zacks Research raised Vonovia from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Vonovia Price Performance

VONOY stock opened at $10.36 on Friday. Vonovia has a 1-year low of $10.32 and a 1-year high of $17.05. The business has a 50 day simple moving average of $11.76 and a two-hundred day simple moving average of $12.64. The company has a market capitalization of $17.58 billion, a price-to-earnings ratio of 3.58 and a beta of 1.22.

Vonovia (OTCMKTS:VONOY) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.24. Vonovia had a net margin of 61.85% and a return on equity of 15.40%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Sell-side analysts anticipate that Vonovia will post 1 EPS for the current fiscal year.

About Vonovia

Vonovia SE is a German residential real estate company headquartered in Bochum. The company owns, manages and develops residential properties, with a focus on providing housing and related services to tenants. Its activities include property management, maintenance, modernization, energy services and the development of new residential buildings.

Vonovia’s portfolio is concentrated in Germany, with additional operations in Austria and Sweden. Through its local platforms and service businesses, the company provides tenant support, building maintenance, technical services and measures designed to improve the energy efficiency and quality of its properties.

The company traces its roots to Deutsche Annington, which acquired GAGFAH in 2015 and subsequently adopted the Vonovia name.