E.On Se (OTCMKTS:EONGY) Short Interest Update

E.On Se (OTCMKTS:EONGY) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 13,459 shares, a growth of 442.5% from the May 31st total of 2,481 shares. Based on an average trading volume of 560,098 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

E.On Price Performance

Shares of E.On stock traded up $0.10 on Friday, hitting $20.50. 149,375 shares of the company traded hands, compared to its average volume of 307,315. The firm’s 50-day simple moving average is $21.35 and its 200 day simple moving average is $21.09. The company has a current ratio of 0.95, a quick ratio of 0.74 and a debt-to-equity ratio of 1.27. The company has a market cap of $53.59 billion, a P/E ratio of 13.40, a P/E/G ratio of 4.66 and a beta of 0.71. E.On has a 12-month low of $17.05 and a 12-month high of $23.58.

E.On (OTCMKTS:EONGY) last released its earnings results on Wednesday, May 13th. The utilities provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. E.On had a return on equity of 12.12% and a net margin of 4.58%.The business had revenue of $25.55 billion for the quarter, compared to analysts’ expectations of $35.38 billion. Analysts expect that E.On will post 1.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EONGY has been the subject of several recent research reports. Morgan Stanley reiterated an “overweight” rating on shares of E.On in a research report on Thursday, May 14th. DZ Bank raised shares of E.On from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, E.On presently has a consensus rating of “Hold”.

About E.On

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.