Vestas Wind Systems AS (OTCMKTS:VWDRY) Short Interest Update

Vestas Wind Systems AS (OTCMKTS:VWDRY) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 31,754 shares, an increase of 542.9% from the June 15th total of 4,939 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 461,855 shares, the short-interest ratio is currently 0.1 days.

Vestas Wind Systems AS Trading Down 2.9%

Shares of VWDRY stock traded down $0.26 during trading hours on Friday, hitting $8.86. 86,771 shares of the company were exchanged, compared to its average volume of 163,970. The company has a 50 day simple moving average of $9.37 and a two-hundred day simple moving average of $9.21. The firm has a market cap of $26.46 billion, a P/E ratio of 26.85, a P/E/G ratio of 0.98 and a beta of 0.96. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.67 and a current ratio of 1.03. Vestas Wind Systems AS has a fifty-two week low of $5.32 and a fifty-two week high of $10.58.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last released its earnings results on Wednesday, May 6th. The energy company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.48 billion. Vestas Wind Systems AS had a net margin of 4.44% and a return on equity of 24.02%. Equities analysts anticipate that Vestas Wind Systems AS will post 0.46 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on VWDRY. Rothschild & Co Redburn upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Kepler Capital Markets raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 5th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

About Vestas Wind Systems AS

Vestas Wind Systems A/S (OTCMKTS: VWDRY) is a Danish company that develops, manufactures, installs and services wind turbines and related solutions for the global wind energy industry. The company is known for providing complete wind power solutions across a project’s lifecycle, from initial site assessment and turbine design through to installation, commissioning and long‑term operations and maintenance.

Vestas’ product and service offering spans turbine platforms for onshore and offshore wind, along with key components such as blades, nacelles and towers.