Ørsted A/S (OTCMKTS:DNNGY) Sees Significant Increase in Short Interest

Ørsted A/S (OTCMKTS:DNNGY) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 28,942 shares, a growth of 154.9% from the June 15th total of 11,353 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 273,183 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

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

Ørsted A/S Trading Up 1.7%

Shares of DNNGY opened at $7.57 on Wednesday. The business’s fifty day simple moving average is $8.06 and its two-hundred day simple moving average is $7.77. Ørsted A/S has a 12 month low of $5.75 and a 12 month 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.