Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) Sees Significant Increase in Short Interest

Key Points

• Short interest surged 2,581.4% in September to 221,349 shares, up from 8,255 shares two weeks earlier. Despite the increase, only approximately 0.0% of Vonovia’s shares are sold short, with a short-interest ratio of 0.2 days.
• Analyst sentiment remains mixed but leans toward “Hold”: Goldman Sachs downgraded the stock to Hold, while Deutsche Bank upgraded it to Buy and Zacks Research raised its rating to Hold.
• Vonovia shares rose 0.1% to $9.14, near their 52-week low of $9.00. The company exceeded quarterly expectations, reporting $0.47 in earnings per share versus a $0.23 consensus estimate and revenue of $1.47 billion.

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY - Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 221,349 shares, a growth of 2,581.4% from the September 15th total of 8,255 shares. Based on an average trading volume of 979,008 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company's shares are sold short.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. The Goldman Sachs Group downgraded Vonovia from a "strong-buy" rating to a "hold" rating in a report on Monday, September 7th. Deutsche Bank Aktiengesellschaft raised Vonovia from a "hold" rating to a "buy" rating in a research note on Thursday, June 25th. Finally, Zacks Research upgraded shares of Vonovia from a "strong sell" rating to a "hold" rating in a report on Monday, August 24th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Vonovia currently has a consensus rating of "Hold".

Vonovia Stock Up 0.1%

OTCMKTS:VONOY traded up $0.01 during trading hours on Friday, reaching $9.14. 498,144 shares of the stock were exchanged, compared to its average volume of 292,410. Vonovia has a 52 week low of $9.00 and a 52 week high of $17.05. The stock has a market capitalization of $15.51 billion, a P/E ratio of 3.16 and a beta of 1.22. The firm has a 50 day simple moving average of $10.85 and a 200-day simple moving average of $11.92.

Vonovia (OTCMKTS:VONOY - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.24. Vonovia had a net margin of 61.85% and a return on equity of 15.40%. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.01 billion. As a group, analysts expect that Vonovia will post 1.07 earnings per share for the current year.

Vonovia Company Profile

Vonovia SE is a Germany-based residential real estate company that owns, manages and develops housing properties. Its portfolio primarily consists of apartments for private tenants, along with related residential and community facilities.

The company provides property management, maintenance, modernization and tenant services. Vonovia also offers energy-related solutions and invests in measures intended to improve the efficiency and quality of its buildings, including renovations and new residential construction.

Vonovia serves residential markets mainly in Germany, Sweden and Austria.

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