Short Interest in E.On Se (OTCMKTS:EONGY) Decreases By 61.5%

E.On Se (OTCMKTS:EONGY) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 32,178 shares, a drop of 61.5% from the January 15th total of 83,607 shares. Based on an average daily volume of 694,926 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 694,926 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EONGY shares. Citigroup restated a “neutral” rating on shares of E.On in a research note on Friday. Bank of America cut E.On from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Wall Street Zen downgraded E.On from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Berenberg Bank cut shares of E.On from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Zacks Research lowered shares of E.On from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

E.On Stock Performance

Shares of OTCMKTS EONGY opened at $21.22 on Wednesday. The firm’s 50-day moving average price is $19.48 and its 200-day moving average price is $18.78. E.On has a 52-week low of $11.79 and a 52-week high of $21.60. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.44.

E.On (OTCMKTS:EONGY) last issued its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). E.On had a return on equity of 11.86% and a net margin of 3.61%.The firm had revenue of $18.51 billion during the quarter, compared to the consensus estimate of $21.43 billion. As a group, equities analysts predict that E.On will post 1.16 earnings per share for the current year.

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.