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

Ørsted A/S (OTCMKTS:DNNGY) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 9,137 shares, a decline of 94.8% from the May 14th total of 176,555 shares. Based on an average daily trading volume, of 244,108 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

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

Ørsted A/S Stock Up 0.2%

Shares of OTCMKTS DNNGY traded up $0.02 during midday trading on Tuesday, reaching $8.18. The company’s stock had a trading volume of 128,130 shares, compared to its average volume of 156,893. The company has a 50 day moving average price of $8.47 and a 200 day moving average price of $7.64. Ørsted A/S has a one year low of $5.75 and a one year high of $33.02.

About Ørsted A/S

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.