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

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EONGY. DZ Bank upgraded E.On from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Berenberg Bank downgraded E.On from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of E.On in a report on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

E.On Stock Performance

Shares of OTCMKTS EONGY remained flat at $20.86 during midday trading on Tuesday. The stock had a trading volume of 123,001 shares, compared to its average volume of 344,310. The company has a market capitalization of $54.53 billion, a P/E ratio of 13.63, a PEG ratio of 4.74 and a beta of 0.71. E.On has a 52-week low of $17.05 and a 52-week high of $23.58. The company’s 50 day moving average is $21.88 and its 200 day moving average is $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 (OTCMKTS:EONGY) last released its quarterly earnings data on Wednesday, May 13th. The utilities provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.49 by $0.11. The firm had revenue of $25.55 billion during the quarter, compared to the consensus estimate of $35.38 billion. E.On had a return on equity of 12.71% and a net margin of 4.58%. As a group, equities research analysts forecast that E.On will post 1.25 EPS for the current fiscal year.

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.