Short Interest in E.On Se (OTCMKTS:EONGY) Increases By 902.2%

E.On Se (OTCMKTS:EONGY) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 312,130 shares, an increase of 902.2% from the February 12th total of 31,145 shares. Based on an average daily trading volume, of 801,635 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 801,635 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EONGY shares. Bank of America cut E.On from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Wall Street Zen lowered shares of E.On from a “hold” rating to a “sell” rating in a research report on Wednesday, January 14th. DZ Bank cut shares of E.On from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Citigroup reissued a “neutral” rating on shares of E.On in a report on Friday, February 6th. Finally, Zacks Research lowered shares of E.On from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

E.On Trading Up 0.9%

Shares of EONGY stock traded up $0.20 during mid-day trading on Tuesday, reaching $22.25. The stock had a trading volume of 79,985 shares, compared to its average volume of 236,095. The firm’s 50 day simple moving average is $20.96 and its 200 day simple moving average is $19.27. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.85 and a quick ratio of 0.79. E.On has a one year low of $13.71 and a one year high of $23.48.

E.On (OTCMKTS:EONGY) last released its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.33. The business had revenue of $24.95 billion for the quarter. E.On had a return on equity of 12.27% and a net margin of 2.20%. On average, equities analysts predict that E.On will post 1.16 earnings per share for the current year.

About E.On

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.