Short Interest in E.On Se (OTCMKTS:EONGY) Decreases By 86.5%

Key Points

• Short interest in E.On fell 86.5% to 2,174 shares as of August 31, down from 16,103 shares on August 15. Short interest now represents virtually 0% of shares outstanding.
• E.On reported quarterly EPS of $0.25, missing analyst expectations of $0.35, while revenue came in at $18.89 billion versus the $40.44 billion consensus estimate.
• Analyst sentiment remains favorable, with recent upgrades from Berenberg, Jefferies and UBS; the stock carries an overall “Moderate Buy” rating based on one Strong Buy, three Buys and five Holds.

E.On Se (OTCMKTS:EONGY - Get Free Report) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,174 shares, a drop of 86.5% from the August 15th total of 16,103 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 288,552 shares, the short-interest ratio is presently 0.0 days.

E.On Stock Performance

OTCMKTS:EONGY opened at $20.30 on Friday. E.On has a fifty-two week low of $17.38 and a fifty-two week high of $23.58. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.91 and a current ratio of 0.95. The company has a 50 day moving average price of $21.19 and a 200 day moving average price of $21.57. The stock has a market capitalization of $53.07 billion, a P/E ratio of 13.53, a PEG ratio of 4.72 and a beta of 0.69.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on EONGY. Royal Bank Of Canada reiterated a "sector perform" rating on shares of E.On in a report on Thursday, July 9th. Berenberg Bank raised E.On from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 25th. Morgan Stanley restated an "overweight" rating on shares of E.On in a research 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, UBS Group raised E.On from a "hold" rating to a "buy" rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

About E.On

E.ON SE is a Germany-based energy company focused primarily on energy networks and customer solutions. Its network business operates electricity and gas distribution infrastructure, while its customer-solutions activities provide electricity, natural gas and renewable energy products, along with energy-management services for residential, commercial and industrial customers.

The company also offers decentralized energy solutions, including solar power, battery storage, electric-vehicle charging and energy-efficiency services.

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