E.On Se (OTCMKTS:EONGY) Stock Short Interest Drops 83.5%

Key Points

• E.On’s short interest fell 83.5% to 3,839 shares as of October 15, representing 0.0% of shares outstanding and a days-to-cover ratio of 0.0.
• Analyst sentiment is broadly positive: E.On has a consensus rating of “Moderate Buy”, supported by recent upgrades from Berenberg Bank, UBS, Jefferies, and Sanford C. Bernstein.
• The stock opened at $20.59, while E.On’s latest quarterly results missed expectations, with EPS of $0.25 versus the $0.35 consensus estimate and revenue of $18.89 billion versus $40.44 billion expected.

E.On Se (OTCMKTS:EONGY - Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 3,839 shares, a decrease of 83.5% from the September 30th total of 23,299 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 825,176 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Several analysts have recently commented on EONGY shares. Berenberg Bank upgraded shares of E.On from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 25th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of E.On in a report on Thursday, July 9th. UBS Group raised shares of E.On from a "hold" rating to a "buy" rating in a report on Monday, September 7th. Jefferies Financial Group upgraded E.On from a "hold" rating to a "buy" rating in a research note on Sunday, August 2nd. Finally, Sanford C. Bernstein raised E.On to a "strong-buy" rating in a report on Wednesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

E.On Stock Down 0.8%

OTCMKTS EONGY opened at $20.59 on Tuesday. The stock's 50 day moving average is $19.94 and its 200 day moving average is $21.15. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 1.38. E.On has a 12 month low of $17.38 and a 12 month high of $23.58. The stock has a market cap of $53.82 billion, a PE ratio of 13.72, a P/E/G ratio of 4.81 and a beta of 0.68.

E.On (OTCMKTS:EONGY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.10). The company had revenue of $18.89 billion for the quarter, compared to analysts' expectations of $40.44 billion. E.On had a net margin of 4.49% and a return on equity of 11.35%. Research analysts predict that E.On will post 1.23 EPS for the current fiscal year.

E.On Company Profile

E.ON SE is a Germany-based energy company focused on operating energy networks and providing customer-oriented energy solutions. Its activities include electricity and gas distribution networks, energy supply, retail services, and solutions that support the transition to a lower-carbon energy system.

The company serves residential, commercial, industrial, and public-sector customers primarily across Europe. Its offerings include electricity and natural gas supply, energy-management services, distributed energy solutions, infrastructure for electric mobility, and services related to energy efficiency and renewable energy integration.

E.ON was created in 2000 through the merger of German utility groups VEBA and VIAG.

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