Short Interest in E.On Se (OTCMKTS:EONGY) Decreases By 86.5%

E.On Se (OTCMKTS:EONGY) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,174 shares, a decrease of 86.5% from the August 15th total of 16,103 shares. Based on an average trading volume of 288,552 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EONGY shares. Royal Bank Of Canada restated a “sector perform” rating on shares of E.On in a research note on Thursday, July 9th. Jefferies Financial Group raised shares of E.On from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. Morgan Stanley reiterated an “overweight” rating on shares of E.On in a research note on Friday, July 3rd. UBS Group raised shares of E.On from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Berenberg Bank upgraded shares of E.On from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, E.On currently has a consensus rating of “Moderate Buy”.

E.On Price Performance

EONGY stock opened at $20.30 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $53.07 billion, a P/E ratio of 13.53, a PEG ratio of 4.72 and a beta of 0.69. The business has a 50 day simple moving average of $21.19 and a 200-day simple moving average of $21.57. E.On has a twelve month low of $17.38 and a twelve month high of $23.58.

E.On (OTCMKTS:EONGY) last announced its earnings results on Wednesday, August 12th. The utilities provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10). The business had revenue of $18.89 billion during the quarter, compared to analyst estimates of $40.44 billion. E.On had a net margin of 4.49% and a return on equity of 11.54%. As a group, equities analysts anticipate that E.On will post 1.23 EPS for the current year.

E.On Company Profile

E.ON SE is a Germany-based energy company focused primarily on energy networks and customer solutions. Its network business operates electricity and gas distribution infrastructure, while its customer-solutions activities provide electricity, natural gas and renewable energy products, along with energy-management services for residential, commercial and industrial customers.

The company also offers decentralized energy solutions, including solar power, battery storage, electric-vehicle charging and energy-efficiency services.