Short Interest in Vonovia SE (OTCMKTS:VONOY) Drops By 52.0%

Vonovia SE (OTCMKTS:VONOY) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 17,700 shares, a drop of 52.0% from the September 30th total of 36,900 shares. Based on an average trading volume of 70,000 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VONOY. Berenberg Bank upgraded shares of Vonovia to a “strong-buy” rating in a report on Friday, October 4th. Barclays upgraded shares of Vonovia to a “strong sell” rating in a report on Friday, October 4th.

Vonovia Stock Performance

Shares of OTCMKTS:VONOY opened at $16.61 on Monday. Vonovia has a 1-year low of $10.66 and a 1-year high of $18.73. The company has a 50 day moving average price of $17.57 and a 200 day moving average price of $15.83.

Vonovia (OTCMKTS:VONOY) last issued its earnings results on Thursday, August 1st. The company reported ($0.49) earnings per share for the quarter. The business had revenue of $1.36 billion for the quarter. Vonovia had a negative return on equity of 9.45% and a negative net margin of 61.15%. Sell-side analysts predict that Vonovia will post 1.05 earnings per share for the current year.

About Vonovia

Vonovia SE operates as an integrated residential real estate company in Europe. It operates through four segments: Rental, Value-Add, Recurring Sales, and Development. The company offers property management services; property-related services; and value-added services, including maintenance and modernization of residential properties, craftsmen and residential environment organization, condominium administration, cable TV, metering, energy supply, and insurances services.