E.On Se (OTCMKTS:EONGY) Short Interest Down 45.0% in April

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

Analyst Upgrades and Downgrades

EONGY has been the subject of several recent analyst reports. Berenberg Bank lowered shares of E.On from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Zacks Research lowered shares of E.On from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Bank of America cut shares of E.On from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Citigroup restated 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 note on Thursday. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

E.On Stock Down 3.4%

Shares of EONGY opened at $20.84 on Friday. The stock has a 50 day moving average price of $22.21 and a 200 day moving average price of $20.49. E.On has a one year low of $16.68 and a one year high of $23.58. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.74 and a current ratio of 0.79. The stock has a market capitalization of $54.48 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 4.74 and a beta of 0.74.

E.On (OTCMKTS:EONGY) last announced its quarterly earnings data on Wednesday, May 13th. The utilities provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. E.On had a return on equity of 12.71% and a net margin of 4.58%.The company had revenue of $25.55 billion for the quarter, compared to analyst estimates of $35.38 billion. Equities research analysts forecast 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.