E.On Se (OTCMKTS:EONGY) Short Interest Down 94.3% in May

E.On Se (OTCMKTS:EONGY) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 2,481 shares, a decrease of 94.3% from the May 14th total of 43,602 shares. Based on an average trading volume of 737,414 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

E.On Price Performance

Shares of EONGY stock remained flat at $20.86 during mid-day trading on Tuesday. The stock had a trading volume of 123,001 shares, compared to its average volume of 344,310. The business has a fifty day moving average price of $21.88 and a two-hundred day moving average price of $20.85. E.On has a 12-month low of $17.05 and a 12-month high of $23.58. The stock has a market capitalization of $54.53 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 4.74 and a beta of 0.71. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.74 and a current ratio of 0.79.

E.On (OTCMKTS:EONGY) last announced its quarterly earnings results on Wednesday, May 13th. The utilities provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. E.On had a return on equity of 12.71% and a net margin of 4.58%.The firm had revenue of $25.55 billion for the quarter, compared to analyst estimates of $35.38 billion. On average, equities research analysts anticipate that E.On will post 1.25 EPS for the current fiscal year.

Analysts Set New Price Targets

EONGY has been the topic of a number of research analyst reports. Berenberg Bank cut E.On from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Morgan Stanley reiterated an “overweight” rating on shares of E.On in a research report on Thursday, May 14th. Finally, DZ Bank upgraded E.On from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, E.On has a consensus rating of “Hold”.

About E.On

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.