E.On Se (OTCMKTS:EONGY) Stock Short Interest Climbs 700.4%

E.On Se (OTCMKTS:EONGY) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 23,299 shares, an increase of 700.4% from the September 15th total of 2,911 shares. Based on an average daily volume of 342,823 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EONGY shares. Jefferies Financial Group raised shares of E.On from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. Morgan Stanley reissued an “overweight” rating on shares of E.On in a report on Friday, July 3rd. Royal Bank Of Canada restated a “sector perform” rating on shares of E.On in a research note on Thursday, July 9th. Berenberg Bank raised E.On from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 25th. Finally, UBS Group raised E.On from a “hold” rating to a “buy” rating in a research report on Monday, September 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

E.On Stock Up 0.6%

E.On stock opened at $19.24 on Friday. The company has a market capitalization of $50.30 billion, a P/E ratio of 12.83, a PEG ratio of 4.43 and a beta of 0.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.90 and a current ratio of 0.96. E.On has a fifty-two week low of $17.38 and a fifty-two week high of $23.58. The stock has a 50-day simple moving average of $20.27 and a 200-day simple moving average of $21.15.

E.On (OTCMKTS:EONGY) last released its quarterly earnings results on Wednesday, August 12th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10). The firm had revenue of $18.89 billion for the quarter, compared to analysts’ expectations of $40.44 billion. E.On had a return on equity of 11.35% and a net margin of 4.49%. Equities research analysts expect that E.On will post 1.23 earnings per share for the current year.

E.On Company Profile

E.ON SE is a German energy company headquartered in Essen, Germany. The company focuses primarily on energy networks and customer solutions, rather than conventional power generation. Its activities include operating electricity and gas distribution networks, supplying energy to residential and commercial customers, and providing related services such as heating, energy efficiency solutions and electric-vehicle charging.

E.ON serves customers across several European markets, including Germany, the United Kingdom, Sweden, Italy, the Netherlands and countries in Central and Eastern Europe.