Short Interest in Vestas Wind Systems AS (OTCMKTS:VWDRY) Rises By 542.9%

Vestas Wind Systems AS (OTCMKTS:VWDRY) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 31,754 shares, a growth of 542.9% from the June 15th total of 4,939 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 461,855 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VWDRY. Rothschild & Co Redburn upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Kepler Capital Markets raised shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Vestas Wind Systems AS Stock Performance

Vestas Wind Systems AS stock opened at $8.86 on Monday. The business has a 50 day moving average price of $9.37 and a two-hundred day moving average price of $9.21. The company has a quick ratio of 0.67, a current ratio of 1.03 and a debt-to-equity ratio of 0.81. The stock has a market cap of $26.46 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 0.98 and a beta of 0.96. Vestas Wind Systems AS has a 12 month low of $5.32 and a 12 month high of $10.58.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.48 billion. Vestas Wind Systems AS had a return on equity of 24.02% and a net margin of 4.44%. As a group, equities analysts forecast that Vestas Wind Systems AS will post 0.46 EPS for the current 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.