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

Ørsted A/S (OTCMKTS:DNNGY) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 72,521 shares, an increase of 335.2% from the July 15th total of 16,664 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 162,403 shares, the short-interest ratio is currently 0.4 days.

Ørsted A/S Price Performance

OTCMKTS DNNGY opened at $7.34 on Wednesday. The stock has a fifty day moving average of $7.58 and a 200-day moving average of $7.88. Ørsted A/S has a 52 week low of $5.75 and a 52 week high of $33.02.

Analyst Ratings Changes

A number of research firms recently weighed in on DNNGY. The Goldman Sachs Group raised Ørsted A/S from a “neutral” rating to a “buy” rating in a report on Monday, April 27th. Morgan Stanley upgraded Ørsted A/S from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 14th. Finally, Zacks Research raised Ørsted A/S to a “hold” rating in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Ørsted A/S Company Profile

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.