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

Key Points

• E.On SE experienced a 33.8% increase in short interest from August 15th to August 31st, reaching a total of 34,800 shares.
• Analysts have mixed ratings for E.On, with one analyst assigning a "Strong Buy" rating, while others have varied between "Buy" and "Hold".
• The company's stock has a market capitalization of $48.55 billion and is trading near its 50-day moving average of $18.40.

E.On Se (OTCMKTS:EONGY - Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 34,800 shares, a growth of 33.8% from the August 15th total of 26,000 shares. Approximately 0.0% of the company's stock are short sold. Based on an average trading volume of 182,800 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 182,800 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company's stock are short sold.

E.On Stock Performance

EONGY stock traded up $0.11 during midday trading on Friday, reaching $18.43. The stock had a trading volume of 124,351 shares, compared to its average volume of 106,716. The stock has a market cap of $48.13 billion, a PE ratio of 14.40, a P/E/G ratio of 5.56 and a beta of 0.79. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.79 and a current ratio of 0.84. The firm has a fifty day simple moving average of $18.38 and a two-hundred day simple moving average of $17.35. E.On has a 52-week low of $10.65 and a 52-week high of $19.43.

Analyst Upgrades and Downgrades

EONGY has been the topic of several recent research reports. Citigroup raised E.On to a "hold" rating in a research report on Wednesday, May 28th. Berenberg Bank raised E.On to a "strong-buy" rating in a research report on Thursday, June 26th. Finally, Barclays cut E.On from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, E.On currently has a consensus rating of "Moderate Buy".

E.On Company Profile

E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment operates power and gas distribution networks, as well as provides maintenance, repairs, and related services.