E.On Se (OTCMKTS:EONGY) Sees Large Increase in Short Interest

E.On Se (OTCMKTS:EONGY) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 312,130 shares, a growth of 902.2% from the February 12th total of 31,145 shares. Based on an average daily trading volume, of 801,635 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 801,635 shares, the short-interest ratio is currently 0.4 days.

E.On Stock Performance

EONGY traded down $0.15 during trading on Wednesday, reaching $22.11. 1,956 shares of the stock traded hands, compared to its average volume of 231,074. E.On has a fifty-two week low of $13.71 and a fifty-two week high of $23.48. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.85 and a quick ratio of 0.79. The stock’s 50-day simple moving average is $21.03 and its two-hundred day simple moving average is $19.30.

E.On (OTCMKTS:EONGY) last issued its earnings results on Wednesday, February 25th. The utilities provider reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. E.On had a return on equity of 12.27% and a net margin of 2.20%.The firm had revenue of $24.95 billion for the quarter. Equities research analysts anticipate that E.On will post 1.16 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on EONGY shares. Zacks Research lowered E.On from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Citigroup reiterated a “neutral” rating on shares of E.On in a report on Friday, February 6th. Berenberg Bank lowered shares of E.On from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. DZ Bank cut shares of E.On from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. Finally, Bank of America downgraded shares of E.On from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

About E.On

E.ON SE is a Germany-based energy company headquartered in Essen that focuses on energy networks and customer solutions. The company owns and operates electricity and gas distribution networks, supplies energy to residential and commercial customers, and develops services and technologies aimed at energy efficiency, decentralised generation and electrification. E.ON’s business model emphasizes regulated network operations and customer-facing services rather than large-scale conventional power generation.

Key offerings include grid operation and maintenance, retail supply of electricity and gas, energy contracting and efficiency solutions for business customers, and a range of digital services such as smart metering, energy management and e-mobility charging infrastructure.