Short Interest in RWE Aktiengesellschaft (OTCMKTS:RWEOY) Grows By 696.4%

RWE Aktiengesellschaft (OTCMKTS:RWEOY) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 87,600 shares, an increase of 696.4% from the February 28th total of 11,000 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 127,900 shares, the days-to-cover ratio is currently 0.7 days.

RWE Aktiengesellschaft Stock Performance

Shares of RWEOY stock traded up $0.02 during mid-day trading on Thursday, reaching $35.39. The stock had a trading volume of 72,391 shares, compared to its average volume of 133,944. The company has a current ratio of 1.55, a quick ratio of 1.42 and a debt-to-equity ratio of 0.45. RWE Aktiengesellschaft has a 1-year low of $28.68 and a 1-year high of $39.29. The firm has a market cap of $23.93 billion, a price-to-earnings ratio of 8.59 and a beta of 0.99. The business’s fifty day moving average is $31.86 and its 200-day moving average is $32.52.

RWE Aktiengesellschaft (OTCMKTS:RWEOY) last posted its quarterly earnings results on Thursday, March 20th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.15. The company had revenue of $8.82 billion during the quarter, compared to analyst estimates of $18.09 billion. RWE Aktiengesellschaft had a net margin of 12.03% and a return on equity of 8.16%. On average, research analysts forecast that RWE Aktiengesellschaft will post 3.18 earnings per share for the current year.

Analyst Ratings Changes

Separately, Morgan Stanley restated an “overweight” rating on shares of RWE Aktiengesellschaft in a research note on Monday.

About RWE Aktiengesellschaft

RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear.