E.On Se (OTCMKTS:EONGY) Sees Significant Increase in Short Interest

E.On Se (OTCMKTS:EONGY – Get Rating) saw a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 23,700 shares, an increase of 848.0% from the December 15th total of 2,500 shares. Based on an average daily trading volume, of 68,400 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Several analysts recently commented on EONGY shares. Morgan Stanley lowered shares of E.On from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 6th. Royal Bank of Canada dropped their target price on shares of E.On from €12.00 ($13.04) to €10.00 ($10.87) in a research report on Monday, November 14th. Finally, Sanford C. Bernstein lowered shares of E.On from an “outperform” rating to a “market perform” rating in a research report on Monday, October 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, E.On has an average rating of “Hold” and a consensus target price of $10.70.

E.On Price Performance

Shares of EONGY stock opened at $10.59 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.91 and a quick ratio of 0.87. The firm’s 50-day moving average is $9.72 and its two-hundred day moving average is $8.90. E.On has a 12 month low of $7.11 and a 12 month high of $14.18. The company has a market capitalization of $27.64 billion, a PE ratio of 5.43 and a beta of 0.68.

E.On (OTCMKTS:EONGY – Get Rating) last issued its earnings results on Wednesday, November 9th. The utilities provider reported $0.27 EPS for the quarter. E.On had a net margin of 4.20% and a return on equity of 11.07%. The company had revenue of $28.98 billion for the quarter. Analysts predict that E.On will post 0.99 earnings per share for the current year.

About E.On

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E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, Belgium, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment operates power and gas distribution networks, as well as provides maintenance, repairs, and related services.