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

E.On Se (OTCMKTS:EONGY) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 19,300 shares, a growth of 112.1% from the December 15th total of 9,100 shares. Based on an average daily volume of 575,900 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

EONGY has been the topic of a number of research analyst reports. Morgan Stanley raised shares of E.On from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 5th. Barclays raised shares of E.On to a “strong-buy” rating in a research note on Friday, September 27th.

E.On Stock Up 1.6 %

Shares of E.On stock traded up $0.18 during trading on Thursday, hitting $11.23. 2,060,086 shares of the stock traded hands, compared to its average volume of 421,909. The company has a fifty day moving average price of $12.12 and a two-hundred day moving average price of $13.35. E.On has a twelve month low of $10.65 and a twelve month high of $15.41. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 1.57.

About E.On

E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment operates power and gas distribution networks, as well as provides maintenance, repairs, and related services.