Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) Stock Short Interest Rises 75.4%

Key Points

• Short interest in Vonovia’s ADR rose 75.4% to 388,180 shares as of October 15, though short positions represented 0.0% of shares outstanding and only 0.3 days of average trading volume.
• Analyst sentiment is mixed but leans toward “Hold”: two analysts rate the stock Buy, three Hold and one Sell. Recent actions included a Buy reiteration from Jefferies and an Underweight downgrade from Morgan Stanley.
• Vonovia shares opened at $8.96, near their 52-week low of $8.60 and well below the $17.05 high. The company nevertheless beat quarterly expectations, reporting $0.47 EPS versus a $0.23 estimate and $1.47 billion in revenue.

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY - Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 388,180 shares, a growth of 75.4% from the September 30th total of 221,349 shares. Based on an average daily volume of 1,281,976 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company's stock are short sold.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on VONOY shares. Zacks Research upgraded shares of Vonovia from a "strong sell" rating to a "hold" rating in a report on Monday, August 24th. Jefferies Financial Group reiterated a "buy" rating on shares of Vonovia in a report on Wednesday, October 14th. Oddo Bhf cut shares of Vonovia to a "neutral" rating in a research note on Thursday. The Goldman Sachs Group cut shares of Vonovia from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 7th. Finally, Morgan Stanley cut Vonovia to an "underweight" rating in a research note on Tuesday, October 20th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold".

Vonovia Price Performance

Vonovia stock opened at $8.96 on Monday. The stock has a market cap of $15.20 billion, a price-to-earnings ratio of 3.10 and a beta of 1.25. Vonovia has a 1-year low of $8.60 and a 1-year high of $17.05. The firm has a 50 day simple moving average of $9.99 and a 200-day simple moving average of $12.39.

Vonovia (OTCMKTS:VONOY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.23 by $0.24. Vonovia had a net margin of 61.85% and a return on equity of 15.40%. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.01 billion. Equities analysts expect that Vonovia will post 1.04 earnings per share for the current fiscal year.

Vonovia Company Profile

Vonovia SE is a European residential real estate company headquartered in Bochum, Germany. The company owns, manages and develops residential properties, with a portfolio focused primarily on apartments and homes for individuals and families.

Its activities include property management, tenant services, building maintenance, modernization and the development of new residential projects. Vonovia also provides related services such as energy solutions, technical building operations and other services intended to support the management and improvement of its properties.

Vonovia serves tenants primarily in Germany, Austria and Sweden.

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