E.On Se (OTCMKTS:EONGY) Short Interest Down 86.5% in August

E.On Se (OTCMKTS:EONGY) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 2,174 shares, a decrease of 86.5% from the August 15th total of 16,103 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 288,552 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

EONGY has been the topic of a number of recent analyst reports. Jefferies Financial Group raised shares of E.On from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. UBS Group raised shares of E.On from a “hold” rating to a “buy” rating in a report on Monday. Berenberg Bank upgraded shares of E.On from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of E.On in a report on Thursday, July 9th. Finally, Morgan Stanley reissued an “overweight” rating on shares of E.On in a research report on Friday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

E.On Stock Performance

OTCMKTS EONGY traded up $0.11 during trading on Friday, hitting $20.41. The company’s stock had a trading volume of 127,818 shares, compared to its average volume of 138,802. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.27. The firm has a 50 day moving average price of $21.18 and a 200 day moving average price of $21.56. The firm has a market cap of $53.36 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 4.69 and a beta of 0.69. E.On has a 52 week low of $17.38 and a 52 week high of $23.58.

E.On (OTCMKTS:EONGY) last posted its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.10). E.On had a net margin of 4.49% and a return on equity of 11.54%. The business had revenue of $18.89 billion during the quarter, compared to the consensus estimate of $40.44 billion. Equities research analysts forecast that E.On will post 1.23 earnings per share for the current fiscal year.

About E.On

E.ON SE is a Germany-based energy company focused primarily on energy networks and customer solutions. Its network business operates electricity and gas distribution infrastructure, while its customer-solutions activities provide electricity, natural gas and renewable energy products, along with energy-management services for residential, commercial and industrial customers.

The company also offers decentralized energy solutions, including solar power, battery storage, electric-vehicle charging and energy-efficiency services.