Short Interest in Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) Decreases By 81.5%

Key Points

• Short interest in Vonovia’s unsponsored ADR fell 81.5% to 4,211 shares as of August 31, representing 0.0% of shares outstanding and a days-to-cover ratio of 0.0.
• Analyst sentiment remains mixed but averages a “Hold” rating: one analyst rates the stock Buy and two rate it Hold, following recent upgrades from Zacks Research and Deutsche Bank and a downgrade from Goldman Sachs.
• VONOY opened at $10.36, near its 12-month low of $10.32, while Vonovia’s latest quarterly results exceeded expectations with earnings of $0.47 per share versus a $0.23 consensus and revenue of $1.47 billion.

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY - Get Free Report) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 4,211 shares, a decrease of 81.5% from the August 15th total of 22,788 shares. Currently, 0.0% of the company's shares are short sold. Based on an average trading volume of 389,883 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VONOY shares. Zacks Research raised shares of Vonovia from a "strong sell" rating to a "hold" rating in a report on Monday, August 24th. Deutsche Bank Aktiengesellschaft raised Vonovia from a "hold" rating to a "buy" rating in a research report on Thursday, June 25th. Finally, The Goldman Sachs Group cut Vonovia from a "strong-buy" rating to a "hold" rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Vonovia presently has an average rating of "Hold".

Vonovia Stock Down 3.0%

VONOY opened at $10.36 on Friday. The stock has a market capitalization of $17.58 billion, a price-to-earnings ratio of 3.58 and a beta of 1.22. The firm has a 50 day moving average price of $11.76 and a 200-day moving average price of $12.64. Vonovia has a twelve month low of $10.32 and a twelve month high of $17.05.

Vonovia (OTCMKTS:VONOY - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.24. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.01 billion. Vonovia had a return on equity of 15.40% and a net margin of 61.85%. As a group, analysts expect that Vonovia will post 1 earnings per share for the current year.

About Vonovia

Vonovia SE is a German residential real estate company headquartered in Bochum. The company owns, manages and develops residential properties, with a focus on providing housing and related services to tenants. Its activities include property management, maintenance, modernization, energy services and the development of new residential buildings.

Vonovia's portfolio is concentrated in Germany, with additional operations in Austria and Sweden. Through its local platforms and service businesses, the company provides tenant support, building maintenance, technical services and measures designed to improve the energy efficiency and quality of its properties.

The company traces its roots to Deutsche Annington, which acquired GAGFAH in 2015 and subsequently adopted the Vonovia name.

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