RWE Aktiengesellschaft (OTCMKTS:RWEOY) Sees Large Decline in Short Interest

RWE Aktiengesellschaft (OTCMKTS:RWEOYGet Rating) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 300 shares, a drop of 93.3% from the March 15th total of 4,500 shares. Based on an average daily volume of 43,500 shares, the short-interest ratio is presently 0.0 days.

A number of analysts have weighed in on RWEOY shares. Credit Suisse Group increased their target price on RWE Aktiengesellschaft from €39.00 ($42.39) to €39.10 ($42.50) and gave the stock an “outperform” rating in a research note on Tuesday, December 14th. Barclays increased their target price on RWE Aktiengesellschaft from €42.00 ($45.65) to €52.00 ($56.52) and gave the stock an “overweight” rating in a research note on Monday, February 21st. Citigroup increased their price target on RWE Aktiengesellschaft to €45.00 ($48.91) in a research report on Tuesday, April 5th. Zacks Investment Research downgraded RWE Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 16th. Finally, JPMorgan Chase & Co. dropped their price target on RWE Aktiengesellschaft from €64.00 ($69.57) to €60.00 ($65.22) in a research report on Thursday, March 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $47.44.

RWEOY stock traded down $0.89 during trading on Wednesday, reaching $43.75. 18,526 shares of the company traded hands, compared to its average volume of 38,330. RWE Aktiengesellschaft has a 12 month low of $33.51 and a 12 month high of $46.51. The business has a 50 day simple moving average of $42.30 and a 200 day simple moving average of $39.98. The company has a market capitalization of $26.90 billion, a price-to-earnings ratio of 31.03 and a beta of 0.74. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.04 and a current ratio of 1.07.

About RWE Aktiengesellschaft (Get Rating)

RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources primarily in Europe and the United States. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear. The company generates wind, solar, hydro, nuclear, gas, and biomass electricity.

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