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

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

Vonovia Trading Up 0.4%

VONOY stock opened at $10.40 on Friday. The firm has a 50 day moving average of $11.71 and a 200-day moving average of $12.62. The company has a market cap of $17.65 billion, a price-to-earnings ratio of 3.60 and a beta of 1.22. Vonovia has a 12-month low of $10.32 and a 12-month high of $17.05.

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

Analyst Upgrades and Downgrades

VONOY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised Vonovia from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. The Goldman Sachs Group cut shares of Vonovia from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Zacks Research raised shares of Vonovia from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Vonovia Company Profile

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.