Ørsted A/S (OTCMKTS:DNNGY) Short Interest Down 42.4% in July

Ørsted A/S (OTCMKTS:DNNGY) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 16,664 shares, a drop of 42.4% from the June 30th total of 28,942 shares. Based on an average daily trading volume, of 247,458 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Morgan Stanley raised shares of Ørsted A/S from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 14th. The Goldman Sachs Group upgraded shares of Ørsted A/S from a “neutral” rating to a “buy” rating in a report on Monday, April 27th. Finally, Zacks Research raised shares of Ørsted A/S to a “hold” rating in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Ørsted A/S presently has a consensus rating of “Moderate Buy”.

Ørsted A/S Trading Up 1.0%

DNNGY traded up $0.07 during trading on Friday, reaching $7.42. The company had a trading volume of 37,431 shares, compared to its average volume of 145,715. The firm’s 50-day simple moving average is $7.81 and its 200 day simple moving average is $7.85. Ørsted A/S has a 12-month low of $5.75 and a 12-month high of $33.02.

Ørsted A/S Company Profile

Ørsted A/S (OTCMKTS:DNNGY) is a Denmark-based renewable energy company that specializes in the development, construction and operation of offshore wind farms. Formerly known as DONG Energy until its rebranding in 2017 to honor Danish scientist Hans Christian Ørsted, the company has grown into a global leader in offshore wind power and green energy solutions.

The company’s core activities include the full lifecycle management of offshore wind projects, encompassing site identification, engineering, turbine installation and long-term operations and maintenance.