Short Interest in E.On Se (OTCMKTS:EONGY) Rises By 89.3%

E.On Se (OTCMKTS:EONGY) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 83,607 shares, an increase of 89.3% from the December 31st total of 44,164 shares. Based on an average trading volume of 233,709 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 233,709 shares, the short-interest ratio is presently 0.4 days.

E.On Trading Down 0.6%

EONGY traded down $0.12 on Friday, reaching $21.18. 215,789 shares of the company traded hands, compared to its average volume of 232,506. The company has a market cap of $55.63 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 6.14 and a beta of 0.81. The firm has a fifty day simple moving average of $19.01 and a two-hundred day simple moving average of $18.66. E.On has a one year low of $11.53 and a one year high of $21.60. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.44.

E.On (OTCMKTS:EONGY) last issued its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). E.On had a net margin of 3.61% and a return on equity of 11.86%. The business had revenue of $18.51 billion for the quarter, compared to analysts’ expectations of $21.43 billion. As a group, equities research analysts expect that E.On will post 1.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Citigroup restated a “neutral” rating on shares of E.On in a report on Wednesday, December 3rd. Zacks Research upgraded E.On from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Finally, Wall Street Zen lowered shares of E.On from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

E.On Company Profile

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.