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

Vestas Wind Systems AS (OTCMKTS:VWDRY) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 238,421 shares, an increase of 22.5% from the December 15th total of 194,678 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 204,476 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 204,476 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.0% of the shares of the stock are short sold.

Vestas Wind Systems AS Price Performance

Shares of VWDRY stock opened at $9.30 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.97 and a quick ratio of 0.60. The company has a market capitalization of $28.19 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 0.57 and a beta of 1.17. The firm’s 50-day moving average is $8.69 and its two-hundred day moving average is $7.21. Vestas Wind Systems AS has a 12 month low of $3.96 and a 12 month high of $9.74.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last announced its quarterly earnings results on Wednesday, November 5th. The energy company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $5.43 billion. Vestas Wind Systems AS had a net margin of 5.00% and a return on equity of 27.61%. Analysts predict that Vestas Wind Systems AS will post 0.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Kepler Capital Markets raised shares of Vestas Wind Systems AS from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, December 10th. Berenberg Bank downgraded shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Barclays reaffirmed an “underweight” rating on shares of Vestas Wind Systems AS in a research note on Wednesday, December 3rd. Finally, DZ Bank upgraded shares of Vestas Wind Systems AS to a “strong-buy” rating in a report on Sunday, December 21st. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

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.