E.On Se (OTCMKTS:EONGY) Short Interest Up 874.7% in December

E.On Se (OTCMKTS:EONGY) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 44,164 shares, an increase of 874.7% from the December 15th total of 4,531 shares. Based on an average trading volume of 152,230 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 152,230 shares, the days-to-cover ratio is presently 0.3 days.

E.On Stock Performance

Shares of EONGY opened at $19.46 on Wednesday. E.On has a 1 year low of $10.77 and a 1 year high of $19.91. The company’s 50 day simple moving average is $18.40 and its 200 day simple moving average is $18.50. The company has a market capitalization of $51.40 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 5.67 and a beta of 0.81. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.79 and a current ratio of 0.85.

E.On (OTCMKTS:EONGY) last released its earnings results on Wednesday, November 12th. The utilities provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). E.On had a return on equity of 11.86% and a net margin of 3.61%.The firm had revenue of $18.51 billion during the quarter, compared to analysts’ expectations of $21.43 billion. On average, sell-side analysts predict that E.On will post 1.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EONGY shares. Zacks Research raised shares of E.On from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Citigroup restated a “neutral” rating on shares of E.On in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

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.