Short Interest in Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) Declines By 71.1%

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 24,808 shares, a drop of 71.1% from the November 30th total of 85,966 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 276,059 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 276,059 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Vonovia Stock Performance

VONOY opened at $14.13 on Thursday. Vonovia has a one year low of $12.91 and a one year high of $17.80. The company has a market cap of $23.61 billion, a P/E ratio of 5.23 and a beta of 1.27. The business’s 50-day simple moving average is $14.91 and its 200-day simple moving average is $15.76.

Vonovia (OTCMKTS:VONOY) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $2.17 earnings per share (EPS) for the quarter. The firm had revenue of $1 billion during the quarter. Vonovia had a return on equity of 12.34% and a net margin of 39.42%. As a group, analysts predict that Vonovia will post 1.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised shares of Vonovia from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

About Vonovia

Vonovia SE is a Germany-based residential real estate company headquartered in Bochum that owns, manages and develops rental housing. Its core activities center on long-term residential leasing, property and facility management, maintenance and modernization of apartment portfolios, and project development. Vonovia provides tenant services and operational support to maintain and upgrade its buildings, with an increasing focus on energy-efficiency measures and building refurbishments to modernize stock and reduce operating costs.

The company traces its roots to Deutsche Annington and adopted the Vonovia name following a period of consolidation and growth; it has expanded through a series of acquisitions to become one of the largest residential landlords in Germany.