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

Key Points

• Short interest fell 40.1% to 11,162 shares as of July 31, representing 0.0% of E.On’s shares and a 0.0-day days-to-cover ratio.
• E.On’s latest quarterly results missed expectations, with earnings of $0.25 per share versus a $0.35 consensus estimate and revenue of $18.89 billion versus $40.44 billion expected.
• Analyst sentiment remains broadly neutral: Jefferies upgraded the stock to “buy,” while the overall consensus rating is “Hold” from two Buy and six Hold ratings.

E.On Se (OTCMKTS:EONGY - Get Free Report) saw a large decrease in short interest during 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 short sold. Based on an average trading volume of 543,295 shares, the days-to-cover ratio is currently 0.0 days.

E.On Stock Up 0.1%

Shares of E.On stock opened at $20.15 on Monday. E.On has a 1 year low of $17.05 and a 1 year high of $23.58. The business has a 50-day moving average of $21.32 and a two-hundred day moving average of $21.72. The company has a market capitalization of $52.68 billion, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 4.65 and a beta of 0.71. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.95 and a quick ratio of 0.91.

E.On (OTCMKTS:EONGY - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.10). E.On had a net margin of 4.49% and a return on equity of 11.54%. The business had revenue of $18.89 billion for the quarter, compared to the consensus estimate of $40.44 billion. As a group, equities analysts predict that E.On will post 1.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EONGY shares. Jefferies Financial Group raised shares of E.On from a "hold" rating to a "buy" rating in a research note on Sunday, August 2nd. Morgan Stanley reaffirmed an "overweight" rating on shares of E.On in a research note on Friday, July 3rd. DZ Bank upgraded shares of E.On from a "strong sell" rating to a "hold" rating in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada reissued 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 assigned a Hold rating to the company. According to MarketBeat.com, E.On currently has an average rating of "Hold".

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.

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