Short Interest in E.On Se (OTCMKTS:EONGY) Rises By 902.2%

E.On Se (OTCMKTS:EONGY) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 312,130 shares, a growth of 902.2% from the February 12th total of 31,145 shares. Based on an average daily volume of 801,635 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 801,635 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

EONGY has been the topic of a number of analyst reports. Wall Street Zen cut shares of E.On from a “hold” rating to a “sell” rating in a research report on Wednesday, January 14th. Bank of America downgraded shares of E.On from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Berenberg Bank cut E.On from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. DZ Bank downgraded E.On from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. Finally, Citigroup restated a “neutral” rating on shares of E.On in a report on Friday, February 6th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

E.On Stock Up 0.2%

Shares of OTCMKTS EONGY opened at $22.30 on Thursday. The firm has a fifty day simple moving average of $21.09 and a two-hundred day simple moving average of $19.32. E.On has a 12 month low of $13.71 and a 12 month high of $23.48. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.79 and a current ratio of 0.85.

E.On (OTCMKTS:EONGY) last announced its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. E.On had a net margin of 2.20% and a return on equity of 12.27%. The company had revenue of $24.95 billion for the quarter. Equities research analysts expect that E.On will post 1.16 EPS for the current year.

E.On Company Profile

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.