RWE AG (OTCMKTS:RWEOY) Short Interest Update
by Teresa Graham · The Cerbat GemRWE AG (OTCMKTS:RWEOY – Get Free Report) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 24,587 shares, a decrease of 66.1% from the November 30th total of 72,549 shares. Based on an average daily volume of 68,087 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 68,087 shares, the short-interest ratio is presently 0.4 days.
Analysts Set New Price Targets
A number of research analysts have issued reports on RWEOY shares. Sanford C. Bernstein raised RWE from a “market perform” rating to an “outperform” rating in a report on Thursday, September 4th. Citigroup downgraded shares of RWE from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. BNP Paribas set a $53.30 price objective on shares of RWE and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Finally, Zacks Research cut shares of RWE from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.30.
View Our Latest Stock Report on RWEOY
RWE Price Performance
Shares of RWEOY traded up $0.44 on Friday, reaching $53.19. 26,955 shares of the company’s stock were exchanged, compared to its average volume of 32,530. The business has a 50 day moving average price of $50.60 and a two-hundred day moving average price of $45.32. RWE has a 12 month low of $28.68 and a 12 month high of $54.52. The company has a current ratio of 1.30, a quick ratio of 1.21 and a debt-to-equity ratio of 0.42.
RWE (OTCMKTS:RWEOY – Get Free Report) last released its earnings results on Wednesday, November 12th. The utilities provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.66. RWE had a net margin of 10.82% and a return on equity of 5.42%. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $4.48 billion. Research analysts expect that RWE will post 3.18 earnings per share for the current year.
RWE Company Profile
RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.
In its conventional business, RWE Generation produces baseload and peak‐load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.