E.On Se (OTCMKTS:EONGY) Short Interest Down 40.1% in July

E.On Se (OTCMKTS:EONGY) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 11,162 shares, a decrease of 40.1% from the July 15th total of 18,632 shares. Based on an average daily volume of 543,295 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

E.On Price Performance

E.On stock opened at $20.23 on Wednesday. E.On has a one year low of $17.05 and a one year high of $23.58. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.95 and a quick ratio of 0.91. The business has a 50 day simple moving average of $21.29 and a 200 day simple moving average of $21.70. The company has a market capitalization of $52.89 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 4.65 and a beta of 0.71.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. DZ Bank upgraded shares of E.On from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Jefferies Financial Group upgraded shares of E.On from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. Royal Bank Of Canada reissued a “sector perform” rating on shares of E.On in a research report on Thursday, July 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of E.On in a report on Friday, July 3rd. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, E.On has an average rating of “Hold”.

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.