Short Interest in E.On Se (OTCMKTS:EONGY) Declines By 63.2%

Key Points

• Short interest in E.On SE has decreased by 63.2% in July, dropping from 56,800 shares to 20,900 shares.
• The company's market capitalization is $48.52 billion and it reported earnings of $0.52 per share, surpassing expectations.
• A mix of analyst ratings includes five "hold" ratings, two "buy" ratings, and one "strong buy" as E.On receives varied responses from brokerages.

E.On Se (OTCMKTS:EONGY - Get Free Report) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 20,900 shares, adeclineof63.2% from the July 15th total of 56,800 shares. Approximately0.0% of the company's stock are short sold. Based on an average trading volume of 640,700 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 640,700 shares, the short-interest ratio is currently 0.0 days. Approximately0.0% of the company's stock are short sold.

E.On Price Performance

Shares of E.On stock traded down $0.01 during trading on Friday, hitting $18.58. The stock had a trading volume of 74,381 shares, compared to its average volume of 203,601. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.92 and a quick ratio of 0.87. The firm has a market cap of $48.52 billion, a P/E ratio of 14.52, a PEG ratio of 5.93 and a beta of 0.78. The business has a fifty day moving average of $18.41 and a two-hundred day moving average of $16.32. E.On has a fifty-two week low of $10.65 and a fifty-two week high of $19.43.

E.On (OTCMKTS:EONGY - Get Free Report) last announced its earnings results on Wednesday, May 14th. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. E.On had a return on equity of 12.75% and a net margin of 3.81%. The business had revenue of $28.28 billion during the quarter. On average, sell-side analysts expect that E.On will post 1.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on EONGY. Morgan Stanley reaffirmed an "overweight" rating on shares of E.On in a research report on Thursday, May 15th. DZ Bank downgraded E.On from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Citigroup upgraded E.On to a "hold" rating in a research note on Wednesday, May 28th. Barclays downgraded E.On from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 4th. Finally, Berenberg Bank upgraded E.On to a "strong-buy" rating in a research report on Thursday, June 26th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

About E.On

E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment operates power and gas distribution networks, as well as provides maintenance, repairs, and related services.

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