Vestas Wind Systems AS (OTCMKTS:VWDRY) Stock Short Interest Jumps 250.8%

Vestas Wind Systems AS (OTCMKTS:VWDRY) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 217,538 shares, an increase of 250.8% from the September 30th total of 62,016 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 353,025 shares, the short-interest ratio is presently 0.6 days.

Vestas Wind Systems AS Price Performance

Shares of VWDRY opened at $9.54 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.03. The stock has a 50 day simple moving average of $10.19 and a 200 day simple moving average of $9.46. Vestas Wind Systems AS has a 52-week low of $6.62 and a 52-week high of $11.36. The firm has a market capitalization of $28.49 billion, a PE ratio of 22.19, a P/E/G ratio of 0.69 and a beta of 1.03.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last posted its earnings results on Wednesday, August 12th. The energy company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Vestas Wind Systems AS had a return on equity of 29.07% and a net margin of 5.42%. Sell-side analysts predict that Vestas Wind Systems AS will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VWDRY shares. Citigroup reissued 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 note on Friday, August 14th. Finally, Berenberg Bank upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. Four research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Vestas Wind Systems AS presently has a consensus rating of “Buy”.

About Vestas Wind Systems AS

Vestas Wind Systems A/S is a Denmark-based renewable energy company that designs, manufactures, installs and services wind turbines. Its products and solutions are used in onshore and offshore wind energy projects, supported by digital monitoring, maintenance and lifecycle services intended to improve turbine performance and reliability.

The company serves utilities, independent power producers, commercial customers and other energy developers across major wind markets worldwide. Its activities cover the wind project lifecycle, including turbine supply, installation, commissioning, service agreements, spare parts and other operational support.

Vestas traces its origins to 1945, when it was established in Denmark as a manufacturer of household appliances and later agricultural machinery.