Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) Sees Significant Decline in Short Interest

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 27,109 shares, a decrease of 71.2% from the July 15th total of 94,269 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 516,661 shares, the days-to-cover ratio is currently 0.1 days.

Vonovia Trading Down 2.1%

Shares of OTCMKTS:VONOY opened at $11.89 on Friday. The stock has a market cap of $20.17 billion, a PE ratio of 4.11 and a beta of 1.23. The stock’s fifty day simple moving average is $11.99 and its two-hundred day simple moving average is $13.16. Vonovia has a 1-year low of $11.26 and a 1-year high of $17.05.

Vonovia (OTCMKTS:VONOY) last announced its earnings results on Wednesday, August 5th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.23 by $0.24. Vonovia had a net margin of 61.85% and a return on equity of 15.40%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.01 billion. On average, sell-side analysts forecast that Vonovia will post 0.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on VONOY shares. Zacks Research cut Vonovia from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Vonovia from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Vonovia Company Profile

Vonovia SE is a Germany-based residential real estate company headquartered in Bochum that owns, manages and develops rental housing. Its core activities center on long-term residential leasing, property and facility management, maintenance and modernization of apartment portfolios, and project development. Vonovia provides tenant services and operational support to maintain and upgrade its buildings, with an increasing focus on energy-efficiency measures and building refurbishments to modernize stock and reduce operating costs.

The company traces its roots to Deutsche Annington and adopted the Vonovia name following a period of consolidation and growth; it has expanded through a series of acquisitions to become one of the largest residential landlords in Germany.