E.On Se (OTCMKTS:EONGY) Short Interest Down 94.3% in May

E.On Se (OTCMKTS:EONGY) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 2,481 shares, a drop of 94.3% from the May 14th total of 43,602 shares. Based on an average daily trading volume, of 737,414 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

E.On Stock Performance

OTCMKTS:EONGY opened at $20.86 on Wednesday. The stock has a market cap of $54.53 billion, a P/E ratio of 13.63, a PEG ratio of 4.74 and a beta of 0.71. The stock has a 50 day simple moving average of $21.88 and a 200 day simple moving average of $20.85. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.32. E.On has a 1-year low of $17.05 and a 1-year high of $23.58.

E.On (OTCMKTS:EONGY) last released its quarterly earnings results on Wednesday, May 13th. The utilities provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.11. The business had revenue of $25.55 billion during the quarter, compared to analysts’ expectations of $35.38 billion. E.On had a return on equity of 12.71% and a net margin of 4.58%. Research analysts anticipate that E.On will post 1.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EONGY has been the subject of a number of recent analyst reports. Berenberg Bank cut E.On from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of E.On in a research report on Thursday, May 14th. Finally, DZ Bank raised E.On from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About E.On

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.