E.On Se (OTCMKTS:EONGY) Sees Large Growth in Short Interest

E.On Se (OTCMKTS:EONGY) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 13,459 shares, an increase of 442.5% from the May 31st total of 2,481 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 560,098 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EONGY. DZ Bank upgraded shares of E.On from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Morgan Stanley restated an “overweight” rating on shares of E.On in a research note on Thursday, May 14th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

E.On Stock Performance

Shares of EONGY stock opened at $20.50 on Friday. E.On has a one year low of $17.05 and a one year high of $23.58. The company’s 50-day moving average is $21.35 and its 200 day moving average is $21.09. The company has a market capitalization of $53.59 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 4.64 and a beta of 0.71. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.74 and a current ratio of 0.95.

E.On (OTCMKTS:EONGY) last issued its earnings results on Wednesday, May 13th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.11. The business had revenue of $25.55 billion during the quarter, compared to analysts’ expectations of $35.38 billion. E.On had a net margin of 4.58% and a return on equity of 12.12%. Sell-side analysts expect that E.On will post 1.25 EPS for the current fiscal 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.