RWE Aktiengesellschaft (OTCMKTS:RWEOY) Sees Significant Increase in Short Interest

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

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of RWE Aktiengesellschaft in a report on Monday.

RWE Aktiengesellschaft Price Performance

RWEOY stock traded up $0.34 during midday trading on Friday, reaching $35.73. The stock had a trading volume of 48,707 shares, compared to its average volume of 132,473. The company has a market cap of $24.16 billion, a price-to-earnings ratio of 8.67 and a beta of 0.99. RWE Aktiengesellschaft has a 52-week low of $28.68 and a 52-week high of $39.29. The company’s fifty day simple moving average is $31.98 and its 200 day simple moving average is $32.55. 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 (OTCMKTS:RWEOY) last posted its quarterly earnings results on Thursday, March 20th. The utilities provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.82 by $0.15. RWE Aktiengesellschaft had a return on equity of 8.16% and a net margin of 12.03%. The firm had revenue of $8.82 billion during the quarter, compared to analysts’ expectations of $18.09 billion. As a group, sell-side analysts predict that RWE Aktiengesellschaft will post 3.18 earnings per share for the current fiscal year.

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.