RWE AG (OTCMKTS:RWEOY) Short Interest Update

RWE AG (OTCMKTS:RWEOY) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 44,003 shares, an increase of 84.1% from the August 31st total of 23,903 shares. Based on an average daily trading volume, of 168,305 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

RWEOY has been the subject of a number of analyst reports. Morgan Stanley restated an “overweight” rating on shares of RWE in a research report on Thursday, July 23rd. Citigroup reiterated a “neutral” rating on shares of RWE in a research note on Wednesday, July 29th. Royal Bank Of Canada reissued an “outperform” rating on shares of RWE in a report on Monday, August 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of RWE in a report on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $53.30.

RWE Trading Up 0.4%

Shares of OTCMKTS RWEOY traded up $0.30 during midday trading on Wednesday, reaching $67.34. The company had a trading volume of 19,834 shares, compared to its average volume of 81,140. The stock has a market cap of $48.89 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 1.22 and a beta of 0.61. RWE has a one year low of $45.44 and a one year high of $74.10. The company has a quick ratio of 1.29, a current ratio of 1.35 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average price is $67.25 and its 200-day moving average price is $66.53.

About RWE

RWE AG is a Germany-based energy company engaged in the generation, trading and supply of electricity. Its business is centered on renewable energy, including onshore and offshore wind, solar power and battery storage, supported by flexible generation and energy trading activities.

The company develops, builds and operates energy projects and provides electricity-related services to commercial and residential customers through its supply businesses. RWE has also pursued technologies intended to support the energy transition, including green hydrogen and other lower-carbon energy solutions.

RWE traces its origins to the formation of Rheinisch-Westfälisches Elektrizitätswerk in 1898.