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

Vestas Wind Systems AS (OTCMKTS:VWDRY) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 128,500 shares, anincreaseof86.8% from the June 30th total of 68,800 shares. Based on an average trading volume of 752,300 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 752,300 shares, the days-to-cover ratio is currently 0.2 days.

Vestas Wind Systems AS Stock Performance

Shares of OTCMKTS:VWDRY opened at $6.01 on Friday. The company’s 50 day moving average price is $5.67 and its two-hundred day moving average price is $5.06. Vestas Wind Systems AS has a 12-month low of $3.96 and a 12-month high of $8.25. The firm has a market cap of $18.21 billion, a PE ratio of 30.05, a PEG ratio of 0.65 and a beta of 1.25. The company has a quick ratio of 0.60, a current ratio of 1.02 and a debt-to-equity ratio of 0.92.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Kepler Capital Markets cut shares of Vestas Wind Systems AS from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Citigroup restated a “buy” rating on shares of Vestas Wind Systems AS in a research report on Wednesday, May 21st. Finally, Berenberg Bank upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 14th.

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc.