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

Ørsted A/S (OTCMKTS:DNNGY) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 176,555 shares, a growth of 70.0% from the April 30th total of 103,866 shares. Based on an average daily volume of 225,873 shares, the days-to-cover ratio is currently 0.8 days.

Ørsted A/S Price Performance

OTCMKTS DNNGY opened at $8.58 on Wednesday. The business has a fifty day simple moving average of $8.33 and a 200 day simple moving average of $7.57. Ørsted A/S has a 12 month low of $5.75 and a 12 month high of $33.02.

Analysts Set New Price Targets

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