Vonovia SE (OTCMKTS:VNNVF) Sees Significant Growth in Short Interest

Vonovia SE (OTCMKTS:VNNVFGet Rating) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 849,800 shares, a growth of 65.9% from the April 30th total of 512,100 shares. Based on an average daily volume of 4,300 shares, the short-interest ratio is presently 197.6 days.

Shares of VNNVF opened at $37.36 on Friday. Vonovia has a 52-week low of $33.52 and a 52-week high of $72.97. The business’s 50 day moving average price is $41.60 and its two-hundred day moving average price is $50.51.

A number of research analysts recently commented on VNNVF shares. Morgan Stanley downgraded shares of Vonovia from an “overweight” rating to an “equal weight” rating and set a $48.00 price objective on the stock. in a research report on Monday, March 28th. Royal Bank of Canada cut their target price on shares of Vonovia from €53.00 ($56.38) to €52.00 ($55.32) in a research note on Monday, March 28th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $56.75.

Vonovia Company Profile (Get Rating)

Vonovia SE operates as an integrated residential real estate company in Europe. It operates through five segments: Rental, Value-Add, Recurring Sales, Development, and Deutsche Wohnen. The company offers property management services; apartments and property-related services; and value-added services, including maintenance and modernization of properties, craftsmen and residential environment organization, residential environment organization, condominium administration, cable TV, metering, energy supply, and insurances services.

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