RWE AG (OTCMKTS:RWEOY) Sees Large Increase in Short Interest

Key Points

• RWE AG experienced a substantial increase in short interest, with a 188.2% growth in shares shorted from 27,900 to 80,400 as of September 30th.
• Following recent analyst upgrades, RWE has an average rating of "Buy" and a target price of $53.30, with notable ratings from Sanford C. Bernstein and Zacks Research.
• As of the last trading session, RWE stock was down 1.0%, trading at $47.90, while having a twelve-month trading range between $28.68 and $48.67.

RWE AG (OTCMKTS:RWEOY - 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 80,400 shares, a growth of 188.2% from the September 15th total of 27,900 shares. Based on an average trading volume of 791,500 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 791,500 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Sanford C. Bernstein raised shares of RWE from a "market perform" rating to an "outperform" rating in a research report on Thursday, September 4th. Zacks Research raised shares of RWE from a "hold" rating to a "strong-buy" rating in a research report on Thursday. Finally, BNP Paribas set a $53.30 price target on shares of RWE and gave the company an "outperform" rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. Based on data from MarketBeat, RWE currently has an average rating of "Buy" and an average target price of $53.30.

RWE Stock Down 1.0%

Shares of OTCMKTS RWEOY traded down $0.46 during trading on Friday, reaching $47.90. 38,983 shares of the stock were exchanged, compared to its average volume of 305,147. The business's 50-day moving average price is $43.12 and its 200 day moving average price is $40.73. RWE has a twelve month low of $28.68 and a twelve month high of $48.67. The company has a quick ratio of 1.21, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $32.39 billion, a price-to-earnings ratio of 12.47 and a beta of 0.70.

About RWE

RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear.

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