Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) Short Interest Down 71.2% in July

Key Points

• Short interest in Vonovia’s ADR fell 71.2% to 27,109 shares as of July 31, down from 94,269 shares on July 15. Short interest represents 0.0% of shares outstanding, with a days-to-cover ratio of 0.1.
• Analyst sentiment remains mixed: Deutsche Bank upgraded Vonovia to “buy,” while Zacks Research downgraded it to “strong sell.” MarketBeat’s overall consensus rating is “Hold.”
• Vonovia recently reported quarterly EPS of $0.47, beating the $0.23 consensus estimate, while revenue of $1.47 billion exceeded forecasts of $1.01 billion. Shares opened at $12.00, compared with a 12-month range of $11.26 to $17.05.

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY - Get Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 27,109 shares, a decline of 71.2% from the July 15th total of 94,269 shares. Based on an average daily volume of 516,661 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

VONOY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Vonovia from a "hold" rating to a "buy" rating in a research note on Thursday, June 25th. Zacks Research cut shares of Vonovia from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold".

Vonovia Price Performance

Shares of VONOY stock opened at $12.00 on Thursday. The business has a 50-day moving average price of $11.98 and a two-hundred day moving average price of $13.19. Vonovia has a 12-month low of $11.26 and a 12-month high of $17.05. The firm has a market cap of $20.36 billion, a P/E ratio of 4.15 and a beta of 1.23.

Vonovia (OTCMKTS:VONOY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.47 EPS 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 analyst estimates of $1.01 billion. Vonovia had a return on equity of 15.40% and a net margin of 61.85%. As a group, research analysts expect that Vonovia will post 0.97 EPS for the current fiscal year.

Vonovia Company Profile

Vonovia SE is a Germany-based residential real estate company headquartered in Bochum that owns, manages and develops rental housing. Its core activities center on long-term residential leasing, property and facility management, maintenance and modernization of apartment portfolios, and project development. Vonovia provides tenant services and operational support to maintain and upgrade its buildings, with an increasing focus on energy-efficiency measures and building refurbishments to modernize stock and reduce operating costs.

The company traces its roots to Deutsche Annington and adopted the Vonovia name following a period of consolidation and growth; it has expanded through a series of acquisitions to become one of the largest residential landlords in Germany.

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