RWE AG (OTCMKTS:RWEOY) Short Interest Update

RWE AG (OTCMKTS:RWEOY) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 24,587 shares, a decrease of 66.1% from the November 30th total of 72,549 shares. Based on an average trading volume of 68,087 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 68,087 shares, the short-interest ratio is presently 0.4 days.

Analyst Ratings Changes

Several research firms have weighed in on RWEOY. Citigroup lowered shares of RWE from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Sanford C. Bernstein raised shares of RWE from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 4th. Zacks Research cut shares of RWE from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Finally, BNP Paribas set a $53.30 target price on RWE and gave the company an “outperform” rating in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, RWE currently has an average rating of “Moderate Buy” and an average target price of $53.30.

RWE Price Performance

OTCMKTS:RWEOY traded up $0.44 during mid-day trading on Friday, hitting $53.19. The stock had a trading volume of 26,955 shares, compared to its average volume of 110,578. The company has a current ratio of 1.30, a quick ratio of 1.21 and a debt-to-equity ratio of 0.42. The company has a 50 day simple moving average of $50.60 and a 200-day simple moving average of $45.32. RWE has a 52 week low of $28.68 and a 52 week high of $54.52.

RWE (OTCMKTS:RWEOY) last released its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.66. RWE had a return on equity of 5.42% and a net margin of 10.82%.The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $4.48 billion. On average, analysts expect that RWE will post 3.18 earnings per share for the current fiscal year.

About RWE

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak‐load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.