E.On Se (OTCMKTS:EONGY) Sees Large Drop in Short Interest

E.On Se (OTCMKTS:EONGY) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 11,162 shares, a decrease of 40.1% from the July 15th total of 18,632 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 543,295 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Several analysts have weighed in on EONGY shares. Jefferies Financial Group raised E.On from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. Morgan Stanley reaffirmed an “overweight” rating on shares of E.On in a report on Friday, July 3rd. DZ Bank upgraded shares of E.On from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of E.On in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

E.On Trading Up 0.7%

Shares of E.On stock traded up $0.13 during trading hours on Tuesday, hitting $20.27. The company’s stock had a trading volume of 80,211 shares, compared to its average volume of 206,306. E.On has a twelve month low of $17.05 and a twelve month high of $23.58. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.91 and a current ratio of 0.95. The firm has a fifty day moving average of $21.30 and a 200-day moving average of $21.71. The stock has a market cap of $53.00 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 4.65 and a beta of 0.71.

E.On (OTCMKTS:EONGY) last released its earnings results on Wednesday, August 12th. The utilities provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10). The firm had revenue of $18.89 billion for the quarter, compared to analysts’ expectations of $40.44 billion. E.On had a return on equity of 11.54% and a net margin of 4.49%. Research analysts forecast that E.On will post 1.23 EPS for the current year.

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.