RWE AG (OTCMKTS:RWEOY) Short Interest Update

RWE AG (OTCMKTS:RWEOY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 44,003 shares, a growth of 84.1% from the August 31st total of 23,903 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 168,305 shares, the days-to-cover ratio is currently 0.3 days.

RWE Stock Performance

Shares of RWEOY traded down $0.49 during mid-day trading on Tuesday, hitting $66.77. The stock had a trading volume of 24,476 shares, compared to its average volume of 81,341. RWE has a 52 week low of $43.96 and a 52 week high of $74.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.35 and a quick ratio of 1.29. The business has a fifty day moving average price of $67.24 and a 200-day moving average price of $66.50. The firm has a market cap of $48.48 billion, a P/E ratio of 12.69, a PEG ratio of 1.23 and a beta of 0.61.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RWEOY. Morgan Stanley restated an “overweight” rating on shares of RWE in a report on Thursday, July 23rd. Royal Bank Of Canada reissued an “outperform” rating on shares of RWE in a research report on Monday, August 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of RWE in a research report on Monday, August 17th. Finally, Citigroup reiterated a “neutral” rating on shares of RWE in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $53.30.

RWE Company Profile

RWE AG is a Germany-based energy company engaged in the generation, trading and supply of electricity. Its business is centered on renewable energy, including onshore and offshore wind, solar power and battery storage, supported by flexible generation and energy trading activities.

The company develops, builds and operates energy projects and provides electricity-related services to commercial and residential customers through its supply businesses. RWE has also pursued technologies intended to support the energy transition, including green hydrogen and other lower-carbon energy solutions.

RWE traces its origins to the formation of Rheinisch-Westfälisches Elektrizitätswerk in 1898.