Vestas Wind Systems AS (OTCMKTS:VWDRY) Sees Significant Growth in Short Interest

Vestas Wind Systems AS (OTCMKTS:VWDRY) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 85,807 shares, an increase of 74.7% from the August 31st total of 49,108 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 235,254 shares, the days-to-cover ratio is currently 0.4 days.

Vestas Wind Systems AS Trading Down 3.8%

Shares of VWDRY opened at $9.46 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.03 and a quick ratio of 0.66. Vestas Wind Systems AS has a 1-year low of $6.15 and a 1-year high of $11.36. The stock has a market cap of $28.25 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 0.72 and a beta of 1.03. The firm has a 50 day simple moving average of $10.19 and a 200-day simple moving average of $9.64.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last posted its earnings results on Wednesday, August 12th. The energy company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.19 billion. Vestas Wind Systems AS had a return on equity of 29.07% and a net margin of 5.42%. Equities analysts forecast that Vestas Wind Systems AS will post 0.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VWDRY has been the topic of several research reports. Kepler Capital Markets raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Friday, June 5th. Berenberg Bank raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 26th. Citigroup reiterated a “buy” rating on shares of Vestas Wind Systems AS in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Vestas Wind Systems AS in a research note on Friday, August 14th. Four research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

About Vestas Wind Systems AS

Vestas Wind Systems A/S is a Denmark-based renewable energy company focused on wind power. The company designs, manufactures, installs and services wind turbines and provides related technology, software and lifecycle support for wind energy projects.

Vestas supplies solutions for both onshore and offshore wind farms. Its services include turbine maintenance, monitoring, upgrades and other operational support intended to help customers improve the performance and reliability of their wind assets over time.

Founded in 1945, Vestas serves utilities, independent power producers, developers and other energy customers in markets around the world.