Ørsted A/S (OTCMKTS:DNNGY) Short Interest Update

Ørsted A/S (OTCMKTS:DNNGY) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 72,521 shares, an increase of 335.2% from the July 15th total of 16,664 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 162,403 shares, the days-to-cover ratio is presently 0.4 days.

Ørsted A/S Price Performance

Shares of DNNGY stock opened at $7.34 on Wednesday. The stock’s fifty day simple moving average is $7.58 and its 200 day simple moving average is $7.88. Ørsted A/S has a one year low of $5.75 and a one year high of $33.02.

Analyst Ratings Changes

Several equities research analysts have issued reports 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 raised 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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.