Short Interest in E.On Se (OTCMKTS:EONGY) Declines By 45.0%

E.On Se (OTCMKTS:EONGY) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 33,556 shares, a decrease of 45.0% from the April 15th total of 60,964 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 219,720 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. DZ Bank raised E.On from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Berenberg Bank cut E.On from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Zacks Research cut E.On from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Citigroup reaffirmed a “neutral” rating on shares of E.On in a research report on Friday, February 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of E.On in a research report on Thursday. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, E.On presently has a consensus rating of “Hold”.

E.On Stock Up 1.5%

Shares of OTCMKTS:EONGY traded up $0.31 during trading on Monday, hitting $21.15. 72,880 shares of the company were exchanged, compared to its average volume of 181,941. The stock has a market cap of $55.29 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 4.74 and a beta of 0.74. E.On has a fifty-two week low of $16.85 and a fifty-two week high of $23.58. The firm has a fifty day moving average price of $22.21 and a two-hundred day moving average price of $20.50. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.32.

E.On (OTCMKTS:EONGY) last posted its quarterly earnings results on Wednesday, May 13th. The utilities provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.11. The firm had revenue of $25.55 billion for the quarter, compared to analyst estimates of $35.38 billion. E.On had a return on equity of 12.71% and a net margin of 4.58%. As a group, research analysts anticipate that E.On will post 1.25 earnings per share for the current fiscal year.

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.