Vestas Wind Systems AS (OTCMKTS:VWDRY) Short Interest Down 89.6% in August

Vestas Wind Systems AS (OTCMKTS:VWDRY) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 20,344 shares, a decrease of 89.6% from the July 30th total of 195,939 shares. Based on an average daily volume of 229,253 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Kepler Capital Markets upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Friday, June 5th. Citigroup restated a “buy” rating on shares of Vestas Wind Systems AS in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Vestas Wind Systems AS in a research note on Friday, August 14th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Vestas Wind Systems AS has an average rating of “Moderate Buy”.

Vestas Wind Systems AS Stock Up 0.6%

Shares of OTCMKTS:VWDRY traded up $0.06 during trading on Tuesday, hitting $10.96. 95,053 shares of the company’s stock traded hands, compared to its average volume of 251,842. The company has a current ratio of 1.03, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average price of $9.29 and a 200-day moving average price of $9.20. Vestas Wind Systems AS has a 52 week low of $5.92 and a 52 week high of $11.05. The company has a market cap of $32.73 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 0.79 and a beta of 0.97.

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, topping analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Vestas Wind Systems AS had a return on equity of 29.50% and a net margin of 5.42%. As a group, research analysts forecast that Vestas Wind Systems AS will post 0.54 EPS for the current fiscal year.

Vestas Wind Systems AS Company Profile

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.