E.On Se (OTCMKTS:EONGY) Short Interest Up 88.1% in July

Key Points

• The short interest in E.On SE (OTCMKTS:EONGY) surged by 88.1% in July, totaling 56,800 shares as of July 15th, compared to 30,200 shares at the end of June.
• E.On's stock closed down 0.8% at $18.98, with a recent market cap of $49.57 billion and a P/E ratio of 10.43.
$0.4256 per share with a dividend yield of 248.0%, while maintaining a dividend payout ratio of 25.27%.

E.On Se (OTCMKTS:EONGY - Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 56,800 shares, agrowthof88.1% from the June 30th total of 30,200 shares. Based on an average daily trading volume, of 297,100 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 297,100 shares, the short-interest ratio is currently 0.2 days.

E.On Stock Down 0.8%

EONGY stock opened at $18.98 on Wednesday. The stock's 50 day simple moving average is $18.23 and its 200 day simple moving average is $15.94. The company has a market cap of $49.57 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 5.28 and a beta of 0.78. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.87 and a current ratio of 0.92. E.On has a fifty-two week low of $10.65 and a fifty-two week high of $19.25.

E.On (OTCMKTS:EONGY - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. E.On had a return on equity of 13.05% and a net margin of 5.41%. The firm had revenue of $28.28 billion during the quarter. On average, research analysts expect that E.On will post 1.16 earnings per share for the current fiscal year.

E.On Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.4256 per share. This represents a dividend yield of 248.0%. The ex-dividend date was Monday, May 19th. E.On's dividend payout ratio (DPR) is currently 25.27%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Citigroup raised shares of E.On to a "hold" rating in a research report on Wednesday, May 28th. Barclays lowered E.On from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 4th. DZ Bank downgraded E.On from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Oddo Bhf cut E.On to a "neutral" rating in a report on Thursday, May 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of E.On in a research note on Thursday, May 15th. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

About E.On

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.

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