E.On Se (OTCMKTS:EONGY) Stock Short Interest Jumps 7,854.1%

E.On Se (OTCMKTS:EONGY) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 305,357 shares, a growth of 7,854.1% from the October 15th total of 3,839 shares. Based on an average daily volume of 384,327 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the company’s shares are sold short.

E.On Stock Performance

Shares of E.On stock opened at $21.65 on Wednesday. E.On has a one year low of $17.38 and a one year high of $23.58. The company has a market cap of $56.60 billion, a PE ratio of 16.14, a P/E/G ratio of 5.02 and a beta of 0.67. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.90 and a current ratio of 0.96. The business has a 50-day simple moving average of $20.12 and a 200-day simple moving average of $21.23.

E.On (OTCMKTS:EONGY) last issued its earnings results on Wednesday, August 12th. The utilities provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.10). The firm had revenue of $18.89 billion during the quarter, compared to analyst estimates of $40.44 billion. E.On had a net margin of 4.49% and a return on equity of 11.35%. On average, equities research analysts forecast that E.On will post 1.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EONGY has been the subject of several research analyst reports. UBS Group upgraded E.On from a “hold” rating to a “buy” rating in a research report on Monday, September 7th. Jefferies Financial Group raised E.On from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. Berenberg Bank upgraded shares of E.On from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. Finally, Sanford C. Bernstein upgraded shares of E.On to a “strong-buy” rating in a research note on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

E.On Company Profile

E.ON SE is a Germany-based energy company focused primarily on energy networks and customer solutions. The company operates electricity distribution networks and gas networks, helping deliver energy to homes, businesses and other organizations. E.ON also supplies electricity and gas to retail and commercial customers and provides services such as energy management, energy efficiency and electric-vehicle charging. Its operations span several European countries, with a substantial presence in Germany and the United Kingdom.