Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) Short Interest Up 69.2% in August

Key Points

• Short interest in Vonovia SE was reported to have increased by 69.2%, rising from 38,300 shares to 64,800 shares as of August 31st, indicating heightened bearish sentiment.
• Jefferies Financial Group upgraded Vonovia from a "hold" to a "buy" rating, contributing to a consensus rating of "Moderate Buy" from analysts.
• Vonovia's shares opened at $15.51, with a notable 52-week high of $18.73 and a low of $12.91 as the company reported quarterly earnings of $0.22 per share.

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY - Get Free Report) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 64,800 shares, an increase of 69.2% from the August 15th total of 38,300 shares. Based on an average daily trading volume, of 98,500 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 98,500 shares, the days-to-cover ratio is presently 0.7 days.

Vonovia Stock Performance

Vonovia stock traded down $0.10 during mid-day trading on Friday, hitting $15.34. 20,418 shares of the company were exchanged, compared to its average volume of 71,763. The business has a fifty day moving average of $16.09 and a 200 day moving average of $15.86. Vonovia has a 1-year low of $12.91 and a 1-year high of $18.73.

Vonovia (OTCMKTS:VONOY - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.22 earnings per share (EPS) for the quarter. Vonovia had a positive return on equity of 1.09% and a negative net margin of 7.37%.The firm had revenue of $1.44 billion during the quarter. As a group, analysts anticipate that Vonovia will post 1.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded Vonovia from a "hold" rating to a "buy" rating in a report on Sunday, September 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

About Vonovia

Vonovia SE operates as an integrated residential real estate company in Europe. It operates through four segments: Rental, Value-Add, Recurring Sales, and Development. The company offers property management services; property-related services; and value-added services, including maintenance and modernization of residential properties, craftsmen and residential environment organization, condominium administration, cable TV, metering, energy supply, and insurances services.