Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) Sees Large Drop in Short Interest

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 100,691 shares, a drop of 74.1% from the October 15th total of 388,180 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,295,384 shares, the days-to-cover ratio is presently 0.1 days.

Vonovia Stock Down 0.8%

VONOY traded down $0.07 during trading on Friday, hitting $9.20. The company had a trading volume of 79,045 shares, compared to its average volume of 328,571. The company has a market capitalization of $15.61 billion, a PE ratio of 9.58 and a beta of 1.25. Vonovia has a one year low of $8.60 and a one year high of $17.05. The firm’s 50-day moving average price is $9.64 and its 200 day moving average price is $12.16.

Vonovia (OTCMKTS:VONOY) last released its earnings results on Wednesday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Vonovia had a return on equity of 6.90% and a net margin of 34.35%. The firm had revenue of $988.69 million for the quarter, compared to the consensus estimate of $988.69 million. Sell-side analysts forecast that Vonovia will post 1.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

VONOY has been the topic of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Vonovia in a report on Wednesday, October 14th. The Goldman Sachs Group downgraded Vonovia from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Zacks Research raised Vonovia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Oddo Bhf lowered Vonovia to a “neutral” rating in a research report on Thursday, October 29th. Finally, Morgan Stanley cut Vonovia to an “underweight” rating in a report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Vonovia Company Profile

Vonovia SE is a residential real estate company headquartered in Bochum, Germany. Its business centers on owning, managing and developing housing, with operations in Germany, Sweden and Austria. The company rents apartments to individuals and families and provides property management and tenant services. Its activities also include maintaining and modernizing buildings, developing residential properties, and offering related services such as energy solutions and repairs. Vonovia traces its roots to Deutsche Annington, which was formed in 2001.