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

Vestas Wind Systems AS (OTCMKTS:VWDRY) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 4,912 shares, a decrease of 84.5% from the June 30th total of 31,754 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 225,071 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

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

Vestas Wind Systems AS Stock Performance

Shares of VWDRY opened at $8.74 on Friday. The stock has a market capitalization of $26.10 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 0.96 and a beta of 0.96. The business’s fifty day moving average price is $9.15 and its 200 day moving average price is $9.21. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.03 and a quick ratio of 0.67. Vestas Wind Systems AS has a 12-month low of $5.72 and a 12-month 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 for the quarter, beating the consensus estimate of $0.01 by $0.02. Vestas Wind Systems AS had a net margin of 4.44% and a return on equity of 24.02%. The firm had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.48 billion. Equities research analysts forecast that Vestas Wind Systems AS will post 0.46 EPS for the current year.

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.