RWE Aktiengesellschaft (OTCMKTS:RWEOY) Short Interest Up 696.4% in March

RWE Aktiengesellschaft (OTCMKTS:RWEOY) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 87,600 shares, an increase of 696.4% from the February 28th total of 11,000 shares. Based on an average daily volume of 127,900 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are sold short.

RWE Aktiengesellschaft Price Performance

Shares of OTCMKTS:RWEOY traded up $0.02 during trading on Thursday, reaching $35.39. 72,391 shares of the company’s stock traded hands, compared to its average volume of 133,944. The company has a quick ratio of 1.42, a current ratio of 1.55 and a debt-to-equity ratio of 0.45. RWE Aktiengesellschaft has a fifty-two week low of $28.68 and a fifty-two week high of $39.29. The company has a 50-day simple moving average of $31.86 and a 200-day simple moving average of $32.52. The firm has a market cap of $23.93 billion, a PE ratio of 8.59 and a beta of 0.99.

RWE Aktiengesellschaft (OTCMKTS:RWEOY) last issued its quarterly earnings results on Thursday, March 20th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.15. The company had revenue of $8.82 billion for the quarter, compared to the consensus estimate of $18.09 billion. RWE Aktiengesellschaft had a return on equity of 8.16% and a net margin of 12.03%. As a group, analysts predict that RWE Aktiengesellschaft will post 3.18 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.