RWE AG (OTCMKTS:RWEOY) Short Interest Update

RWE AG (OTCMKTS:RWEOY) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 44,003 shares, a growth of 84.1% from the August 31st total of 23,903 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 168,305 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

RWEOY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of RWE in a research report on Monday, August 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of RWE in a research note on Monday, August 17th. Morgan Stanley reiterated an “overweight” rating on shares of RWE in a report on Thursday, July 23rd. Finally, Citigroup restated a “neutral” rating on shares of RWE in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, RWE has a consensus rating of “Hold” and a consensus target price of $53.30.

RWE Stock Down 0.7%

Shares of OTCMKTS RWEOY traded down $0.49 during trading on Tuesday, hitting $66.77. 24,476 shares of the company traded hands, compared to its average volume of 81,341. The firm has a market capitalization of $48.48 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 1.23 and a beta of 0.61. The business’s fifty day moving average is $67.24 and its 200 day moving average is $66.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.29 and a current ratio of 1.35. RWE has a fifty-two week low of $43.96 and a fifty-two week high of $74.10.

RWE Company Profile

RWE AG is a Germany-based energy company engaged in the generation, trading and supply of electricity. Its business is centered on renewable energy, including onshore and offshore wind, solar power and battery storage, supported by flexible generation and energy trading activities.

The company develops, builds and operates energy projects and provides electricity-related services to commercial and residential customers through its supply businesses. RWE has also pursued technologies intended to support the energy transition, including green hydrogen and other lower-carbon energy solutions.

RWE traces its origins to the formation of Rheinisch-Westfälisches Elektrizitätswerk in 1898.