E.On Se (OTCMKTS:EONGY) Stock Short Interest Report for September

Key Points

• Short interest surged 700.4% in September to 23,299 shares, up from 2,911 shares at mid-month. Despite the increase, short interest represents 0.0% of outstanding shares, with a short-interest ratio of 0.1 days.
• E.On reported quarterly EPS of $0.25, missing the $0.35 consensus estimate, while revenue of $18.89 billion came in below the $40.44 billion analyst forecast. The stock opened at $19.24, within its 52-week range of $17.38 to $23.58.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy”; UBS, Berenberg, and Jefferies recently upgraded the shares, while Morgan Stanley maintained an overweight rating.

E.On Se (OTCMKTS:EONGY - Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 23,299 shares, an increase of 700.4% from the September 15th total of 2,911 shares. Based on an average daily volume of 342,823 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company's shares are short sold.

E.On Price Performance

E.On stock opened at $19.24 on Friday. The firm has a market cap of $50.30 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 4.43 and a beta of 0.68. E.On has a 52-week low of $17.38 and a 52-week high of $23.58. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 1.38. The company's 50 day moving average is $20.27 and its two-hundred day moving average is $21.15.

E.On (OTCMKTS:EONGY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The utilities provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.10). The business had revenue of $18.89 billion during the quarter, compared to analyst estimates of $40.44 billion. E.On had a return on equity of 11.35% and a net margin of 4.49%. On average, research analysts expect that E.On will post 1.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EONGY shares. UBS Group upgraded shares of E.On from a "hold" rating to a "buy" rating in a report on Monday, September 7th. Berenberg Bank raised shares of E.On from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 25th. Morgan Stanley reiterated an "overweight" rating on shares of E.On in a report on Friday, July 3rd. Jefferies Financial Group raised E.On from a "hold" rating to a "buy" rating in a research note on Sunday, August 2nd. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of E.On in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

About E.On

E.ON SE is a German energy company headquartered in Essen, Germany. The company focuses primarily on energy networks and customer solutions, rather than conventional power generation. Its activities include operating electricity and gas distribution networks, supplying energy to residential and commercial customers, and providing related services such as heating, energy efficiency solutions and electric-vehicle charging.

E.ON serves customers across several European markets, including Germany, the United Kingdom, Sweden, Italy, the Netherlands and countries in Central and Eastern Europe.

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