E.On Se (OTCMKTS:EONGY) Shares Shorted: Short Interest Down 83.5% in October

E.On Se (OTCMKTS:EONGY) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 3,839 shares, a drop of 83.5% from the September 30th total of 23,299 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 825,176 shares, the short-interest ratio is presently 0.0 days.

E.On Stock Performance

Shares of OTCMKTS:EONGY opened at $20.59 on Tuesday. The firm has a fifty day simple moving average of $19.94 and a two-hundred day simple moving average of $21.15. E.On has a 52 week low of $17.38 and a 52 week high of $23.58. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $53.82 billion, a P/E ratio of 13.72, a PEG ratio of 4.81 and a beta of 0.68.

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 the consensus estimate of $0.35 by ($0.10). The business had revenue of $18.89 billion for the quarter, compared to analysts’ expectations of $40.44 billion. E.On had a net margin of 4.49% and a return on equity of 11.35%. On average, analysts expect that E.On will post 1.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EONGY shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of E.On in a report on Thursday, July 9th. Jefferies Financial Group raised E.On from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. UBS Group upgraded E.On from a “hold” rating to a “buy” rating in a report on Monday, September 7th. Morgan Stanley reiterated an “overweight” rating on shares of E.On in a research report on Friday, July 3rd. Finally, Berenberg Bank upgraded E.On from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

E.On Company Profile

E.ON SE is a Germany-based energy company focused on operating energy networks and providing customer-oriented energy solutions. Its activities include electricity and gas distribution networks, energy supply, retail services, and solutions that support the transition to a lower-carbon energy system.

The company serves residential, commercial, industrial, and public-sector customers primarily across Europe. Its offerings include electricity and natural gas supply, energy-management services, distributed energy solutions, infrastructure for electric mobility, and services related to energy efficiency and renewable energy integration.

E.ON was created in 2000 through the merger of German utility groups VEBA and VIAG.