Vestas Wind Systems AS (OTCMKTS:VWDRY) Short Interest Update

Vestas Wind Systems AS (OTCMKTS:VWDRY) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 49,108 shares, an increase of 141.4% from the August 15th total of 20,344 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 283,606 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

Several research firms recently weighed in on VWDRY. Citigroup reiterated a “buy” rating on shares of Vestas Wind Systems AS in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Vestas Wind Systems AS in a research report on Friday, August 14th. Kepler Capital Markets upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Finally, Berenberg Bank raised shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 26th. Four investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Vestas Wind Systems AS Stock Performance

Shares of Vestas Wind Systems AS stock traded up $0.22 during trading on Friday, hitting $11.10. 184,094 shares of the company’s stock traded hands, compared to its average volume of 128,285. Vestas Wind Systems AS has a 1 year low of $5.92 and a 1 year high of $11.36. The business has a 50-day simple moving average of $9.83 and a 200-day simple moving average of $9.43. The stock has a market capitalization of $33.15 billion, a P/E ratio of 25.81, a PEG ratio of 0.81 and a beta of 0.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.03 and a quick ratio of 0.67.

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

About Vestas Wind Systems AS

Vestas Wind Systems A/S is a Denmark-based renewable energy company focused on wind power. The company designs, manufactures, installs and services wind turbines for utility-scale and commercial customers, with products serving both onshore and offshore wind markets.

Its business includes wind turbine systems, blades, controls and related equipment, as well as project support, maintenance, monitoring and other lifecycle services. Vestas also provides digital and operational solutions intended to help customers manage wind assets and optimize energy production over time.

Vestas traces its origins to 1945, when it was established in western Denmark as a manufacturer of household equipment and later industrial products before entering the wind industry.