Short Interest in E.On Se (OTCMKTS:EONGY) Drops By 61.5%

E.On Se (OTCMKTS:EONGY) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 32,178 shares, a drop of 61.5% from the January 15th total of 83,607 shares. Based on an average daily trading volume, of 694,926 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 694,926 shares, the short-interest ratio is presently 0.0 days.

E.On Stock Up 0.4%

OTCMKTS:EONGY traded up $0.08 during trading hours on Friday, reaching $21.87. 10,308 shares of the stock were exchanged, compared to its average volume of 200,162. E.On has a twelve month low of $12.02 and a twelve month high of $21.92. The business has a 50-day moving average of $19.62 and a two-hundred day moving average of $18.82. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.44.

E.On (OTCMKTS:EONGY) last announced its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The business had revenue of $18.51 billion for the quarter, compared to analysts’ expectations of $21.43 billion. E.On had a return on equity of 11.86% and a net margin of 3.61%. As a group, research analysts predict that E.On will post 1.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Bank of America lowered shares of E.On from a “buy” rating to a “neutral” rating in a report on Thursday, February 5th. Zacks Research lowered E.On from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Wall Street Zen downgraded E.On from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. Berenberg Bank lowered E.On from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Citigroup reissued a “neutral” rating on shares of E.On in a research note on Friday, February 6th. Two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus 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.