Short Interest in Vestas Wind Systems AS (OTCMKTS:VWDRY) Decreases By 89.6%

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

Vestas Wind Systems AS Price Performance

Shares of VWDRY stock opened at $10.73 on Thursday. The business’s fifty day moving average is $9.37 and its 200 day moving average is $9.22. 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 $32.05 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 0.80 and a beta of 0.97. Vestas Wind Systems AS has a twelve month low of $5.92 and a twelve month high of $11.05.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last announced its quarterly earnings data on Wednesday, August 12th. The energy company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. Vestas Wind Systems AS had a return on equity of 29.50% and a net margin of 5.42%.The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.19 billion. Research analysts expect that Vestas Wind Systems AS will post 0.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on VWDRY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Vestas Wind Systems AS in a report on Friday, August 14th. Citigroup reaffirmed a “buy” rating on shares of Vestas Wind Systems AS in a research note on Thursday, August 13th. Finally, Kepler Capital Markets raised shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 5th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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.