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

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 25,929 shares, a decline of 88.7% from the May 14th total of 229,339 shares. Based on an average daily volume of 533,427 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of research analysts have recently commented on VONOY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Vonovia in a research report on Tuesday, May 5th. Zacks Research cut Vonovia from a “hold” rating to a “strong sell” rating in a research report on Monday, May 25th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Vonovia Trading Up 0.4%

OTCMKTS VONOY traded up $0.05 on Wednesday, hitting $11.45. The company’s stock had a trading volume of 80,941 shares, compared to its average volume of 248,337. The firm has a market cap of $19.43 billion, a P/E ratio of 4.34 and a beta of 1.24. The company’s 50-day simple moving average is $12.91 and its 200 day simple moving average is $13.98. Vonovia has a 52-week low of $11.28 and a 52-week high of $17.80.

Vonovia (OTCMKTS:VONOY) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Vonovia had a return on equity of 14.51% and a net margin of 56.28%.The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.01 billion. On average, research analysts forecast that Vonovia will post 1.22 EPS for the current fiscal year.

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.