Vonovia SE (OTCMKTS:VONOY) Sees Large Drop in Short Interest

Vonovia SE (OTCMKTS:VONOY) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 2,800 shares, a decline of 67.4% from the November 15th total of 8,600 shares. Based on an average trading volume of 96,300 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VONOY shares. Barclays raised shares of Vonovia to a “strong sell” rating in a research report on Friday, October 4th. Berenberg Bank upgraded Vonovia to a “strong-buy” rating in a research report on Friday, October 4th.

Vonovia Trading Down 0.5 %

Shares of OTCMKTS VONOY traded down $0.08 during trading on Friday, reaching $16.54. The company had a trading volume of 35,057 shares, compared to its average volume of 43,070. The business’s 50-day moving average is $16.45 and its 200 day moving average is $16.18. Vonovia has a 12-month low of $12.84 and a 12-month high of $18.73.

About Vonovia

Vonovia SE operates as an integrated residential real estate company in Europe. It operates through four segments: Rental, Value-Add, Recurring Sales, and Development. The company offers property management services; property-related services; and value-added services, including maintenance and modernization of residential properties, craftsmen and residential environment organization, condominium administration, cable TV, metering, energy supply, and insurances services.