E.On Se (OTCMKTS:EONGY) Short Interest Down 69.8% in March

E.On Se (OTCMKTS:EONGY) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 94,209 shares, a decline of 69.8% from the February 26th total of 312,130 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 243,113 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 243,113 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

E.On Trading Up 1.8%

EONGY stock traded up $0.39 during midday trading on Wednesday, hitting $21.98. 55,378 shares of the company’s stock were exchanged, compared to its average volume of 217,146. The stock’s fifty day moving average price is $21.62 and its 200-day moving average price is $19.62. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.79 and a current ratio of 0.85. The company has a market cap of $57.46 billion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 4.18 and a beta of 0.80. E.On has a one year low of $14.34 and a one year high of $23.58.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EONGY shares. Wall Street Zen cut shares of E.On from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. Zacks Research downgraded E.On from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Bank of America lowered E.On from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Berenberg Bank downgraded E.On from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Citigroup reissued a “neutral” rating on shares of E.On in a research note on Friday, February 6th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

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.