Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) Stock Short Interest Climbs 75.4%

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 388,180 shares, an increase of 75.4% from the September 30th total of 221,349 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,281,976 shares, the days-to-cover ratio is currently 0.3 days.

Vonovia Price Performance

Shares of VONOY opened at $9.09 on Tuesday. The stock’s fifty day moving average is $9.94 and its 200-day moving average is $12.36. Vonovia has a one year low of $8.60 and a one year high of $17.05.

Vonovia (OTCMKTS:VONOY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.24. Vonovia had a return on equity of 15.40% and a net margin of 61.85%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.01 billion. Research analysts anticipate that Vonovia will post 1.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on VONOY shares. Jefferies Financial Group reissued a “buy” rating on shares of Vonovia in a research report on Wednesday, October 14th. The Goldman Sachs Group cut Vonovia from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Oddo Bhf downgraded Vonovia to a “neutral” rating in a report on Thursday. Morgan Stanley downgraded Vonovia to an “underweight” rating in a report on Tuesday, October 20th. Finally, Zacks Research upgraded Vonovia from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Vonovia Company Profile

Vonovia SE is a European residential real estate company headquartered in Bochum, Germany. The company owns, manages and develops residential properties, with a portfolio focused primarily on apartments and homes for individuals and families.

Its activities include property management, tenant services, building maintenance, modernization and the development of new residential projects. Vonovia also provides related services such as energy solutions, technical building operations and other services intended to support the management and improvement of its properties.

Vonovia serves tenants primarily in Germany, Austria and Sweden.